Is Paxton, 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, Paxton has remained a Seller's Market.
Housing Prices in Paxton, IL
How much do homes in Paxton, IL cost?
Median Sold Price
$133,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Paxton was $133,000 in April 2024, up 7.7% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $56.5K | +2.7% |
2 Bedrooms | $56K | $105.7K | +88.8% |
3 Bedrooms | $134.9K | $135K | 0.0% |
4 Bedrooms | $167.2K | $159.5K | -4.6% |
5+ Bedrooms | - | $146K | N/A |
Summary: Paxton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 88.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Paxton | $123.5K | $133K | +7.7% |
Patton Township | $125K | $131.7K | +5.4% |
Housing Supply in Paxton, IL
How many homes are available in Paxton, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 32 | +23.1% |
Summary: The Paxton real estate market had 32 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 7 | +133.3% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Paxton 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 133.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 10 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Paxton in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Paxton, IL
How long does it take to sell a home in Paxton, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 67 Days | +5.1% |
Summary: Homes in Paxton had an average of 67 days on market in Apr 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Paxton; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.