Is Tazewell 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, Tazewell County has remained a Seller's Market.
Housing Prices in Tazewell County, IL
How much do homes in Tazewell County, IL cost?
Median Sold Price
$160,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tazewell County was $160,000 in April 2024, up 8% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.9K | $39K | -27.7% |
2 Bedrooms | $94.5K | $99.3K | +5.1% |
3 Bedrooms | $145K | $160.1K | +10.5% |
4 Bedrooms | $220K | $235K | +6.8% |
5+ Bedrooms | $299.9K | $369.5K | +23.2% |
Summary: Tazewell County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.7%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 23.2%.
Median Sold Price Compared To Nearby Counties
Woodford County | $185K | $219.2K | +18.5% |
Mason County | $81K | $90K | +11.1% |
Tazewell County | $148.1K | $160K | +8.0% |
Peoria County | $130K | $134.9K | +3.8% |
Logan County | $115K | $113K | -1.7% |
Housing Supply in Tazewell County, IL
How many homes are available in Tazewell County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
377 | 383 | +1.6% |
Summary: The Tazewell County real estate market had 383 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 5 | -37.5% |
2 Bedrooms | 71 | 80 | +12.7% |
3 Bedrooms | 180 | 173 | -3.9% |
4 Bedrooms | 89 | 88 | -1.1% |
5+ Bedrooms | 29 | 37 | +27.6% |
Summary: The Tazewell County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 27.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
108 | 138 | +27.8% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Summary: A total of 138 homes were sold or pending in Tazewell County in April 2024, up by 27.8% month-over-month. Of the 138 sold homes, 41% were sold under asking, 19% were sold at asking, and 41% were sold over asking.
Days on Market for Tazewell County, IL
How long does it take to sell a home in Tazewell County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 21 Days | -16.2% |
Summary: Homes in Tazewell County had an average of 21 days on market in Apr 2024, down by 16.2% compared to last year.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 138 homes were sold in Tazewell County; 81% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.