Is Champaign County, 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, Champaign County has remained a Seller's Market.
Housing Prices in Champaign County, IL
How much do homes in Champaign County, IL cost?
Median Sold Price
$215,191
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Champaign County was $215,191 in April 2024, up 13.5% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.7K | $90K | +18.8% |
2 Bedrooms | $128K | $147.6K | +15.3% |
3 Bedrooms | $185.1K | $210K | +13.5% |
4 Bedrooms | $275.8K | $320.1K | +16.1% |
5+ Bedrooms | $325K | $312.5K | -3.8% |
Summary: Champaign County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Counties
Piatt County | $180K | $224.9K | +24.9% |
Ford County | $117.4K | $134K | +14.1% |
Champaign County | $189.5K | $215.1K | +13.5% |
Douglas County | $133K | $135K | +1.5% |
Housing Supply in Champaign County, IL
How many homes are available in Champaign County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
563 | 560 | -0.5% |
Summary: The Champaign County real estate market had 560 homes for sale in April 2024, a 0.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 4 | -42.9% |
2 Bedrooms | 84 | 79 | -6.0% |
3 Bedrooms | 289 | 275 | -4.8% |
4 Bedrooms | 141 | 159 | +12.8% |
5+ Bedrooms | 42 | 43 | +2.4% |
Summary: The Champaign County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
156 | 160 | +2.6% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Summary: A total of 160 homes were sold or pending in Champaign County in April 2024, up by 2.6% month-over-month. Of the 160 sold homes, 44% were sold under asking, 21% were sold at asking, and 35% were sold over asking.
Days on Market for Champaign County, IL
How long does it take to sell a home in Champaign County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 32 Days | +29.3% |
Summary: Homes in Champaign County had an average of 32 days on market in Apr 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
117 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 160 homes were sold in Champaign County; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.