Is Bureau County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bureau County is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Bureau County was a Neutral Market.

Key Takeaway

Bureau County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bureau County, IL

How much do homes in Bureau County, IL cost?

Median Sold Price

$125,375

$87/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$1,875(+1.5%)

Key Takeaway

Homes in Bureau County have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Bureau County was $125,375 in April 2024, up 1.5% from last year, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $48K$65K
+35.4%
2 $76.2K$81.2K
+6.6%
3 $135K$130K
-3.7%
4 $165K$174.2K
+5.6%
5+ $150K$175K
+16.7%

Summary: Bureau County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.4%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 16.7%.

Median Sold Price Compared To Nearby Counties

Lee County
+13.4%
Bureau County
+1.5%
Marshall County
-0.8%
Putnam County
-16.6%

Housing Supply in Bureau County, IL

How many homes are available in Bureau County, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9395+2.2%

Summary: The Bureau County real estate market had 95 homes for sale in April 2024, a 2.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2227
+22.7%
3 4343
0.0%
4 2119
-9.5%
5+ 65
-16.7%

Summary: The Bureau 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 22.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2021+5.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bureau County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Bureau County in April 2024, up by 5.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 10% were sold at asking, and 33% were sold over asking.

Days on Market for Bureau County, IL

How long does it take to sell a home in Bureau County, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
53 Days22 Days-58.2%

Summary: Homes in Bureau County had an average of 22 days on market in Apr 2024, down by 58.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bureau County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 21 homes were sold in Bureau County; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Bureau County, IL

Nearby Markets to Bureau County, IL

What housing markets are near Bureau County, IL?