Is Central, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central has remained a Seller's Market.
Housing Prices in Central, IL
How much do homes in Central, IL cost?
Median Sold Price
$384,307
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central was $384,307 in April 2024, up 4.9% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265.9K | $270K | +1.5% |
2 Bedrooms | $405K | $410K | +1.2% |
3 Bedrooms | $750K | $752.5K | 0.3% |
4 Bedrooms | $1.1M | $1.1M | -0.1% |
5+ Bedrooms | $900K | $1.9M | +117.8% |
Summary: Central housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 117.8%.
Housing Supply in Central, IL
How many homes are available in Central, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
547 | 675 | +23.4% |
Summary: The Central real estate market had 675 homes for sale in April 2024, a 23.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 169 | 223 | +32.0% |
2 Bedrooms | 259 | 309 | +19.3% |
3 Bedrooms | 99 | 117 | +18.2% |
4 Bedrooms | 19 | 25 | +31.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Central housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 32%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
97 | 132 | +36.1% |
Asking Price vs. Sold Price
73 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 132 homes were sold or pending in Central in April 2024, up by 36.1% month-over-month. Of the 132 sold homes, 55% were sold under asking, 8% were sold at asking, and 37% were sold over asking.
Days on Market for Central, IL
How long does it take to sell a home in Central, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 40 Days | -16.0% |
Summary: Homes in Central had an average of 40 days on market in Apr 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 132 homes were sold in Central; 65% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.