Is Fayette County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fayette County was a Buyer's Market.
Housing Prices in Fayette County, IL
How much do homes in Fayette County, IL cost?
Median Sold Price
$115,000
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fayette County was $115,000 in April 2024, down 6.5% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $20K | - | N/A |
2 Bedrooms | $70.5K | $59.2K | -16.0% |
3 Bedrooms | $124.6K | $121K | -2.9% |
4 Bedrooms | $147K | $155K | +5.4% |
5+ Bedrooms | $208K | $210.2K | +1.1% |
Summary: Fayette County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Counties
Montgomery County | $91.5K | $105.5K | +15.3% |
Bond County | $138K | $147.2K | +6.7% |
Fayette County | $123K | $115K | -6.5% |
Housing Supply in Fayette County, IL
How many homes are available in Fayette County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 30 | 0.0% |
Summary: The Fayette County real estate market had 30 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Fayette County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Fayette County in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Fayette County, IL
How long does it take to sell a home in Fayette County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 145 Days | +212.0% |
Summary: Homes in Fayette County had an average of 145 days on market in Apr 2024, up by 212% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Fayette County; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.