Is Bureau 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, Bureau County was a Neutral Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48K | $65K | +35.4% |
2 Bedrooms | $76.2K | $81.2K | +6.6% |
3 Bedrooms | $135K | $130K | -3.7% |
4 Bedrooms | $165K | $174.2K | +5.6% |
5+ Bedrooms | $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 | $140.9K | $159.8K | +13.4% |
Bureau County | $123.5K | $125.3K | +1.5% |
Marshall County | $127.2K | $126.2K | -0.8% |
Putnam County | $193K | $161K | -16.6% |
Housing Supply in Bureau County, IL
How many homes are available in Bureau County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 95 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 43 | 43 | 0.0% |
4 Bedrooms | 21 | 19 | -9.5% |
5+ Bedrooms | 6 | 5 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 21 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 22 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
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.