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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Iroquois County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Iroquois County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Iroquois County, IL

How much do homes in Iroquois County, IL cost?

Median Sold Price

$128,825

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$8,825(+7.4%)

Key Takeaway

Homes in Iroquois County have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Iroquois County was $128,825 in April 2024, up 7.4% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $52.1K$61.7K
+18.5%
2 $83K$92.4K
+11.4%
3 $130K$135K
+3.8%
4 $167K$139.5K
-16.5%
5+ $129.9K$225K
+73.2%

Summary: Iroquois County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 16.5%, and 5+ bedroom homes increased by 73.2%.

Median Sold Price Compared To Nearby Counties

Kankakee County
+11.8%
Iroquois County
+7.4%

Housing Supply in Iroquois County, IL

How many homes are available in Iroquois County, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
99106+7.1%

Summary: The Iroquois County real estate market had 106 homes for sale in April 2024, a 7.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1719
+11.8%
3 5959
0.0%
4 1921
+10.5%
5+ 36
+100.0%

Summary: The Iroquois 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 11.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2229+31.8%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Iroquois County, you may be able to get a good deal. 69% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Iroquois County in April 2024, up by 31.8% month-over-month. Of the 29 sold homes, 69% were sold under asking, 21% were sold at asking, and 10% were sold over asking.

Days on Market for Iroquois County, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
72 Days73 Days+1.8%

Summary: Homes in Iroquois County had an average of 73 days on market in Apr 2024, up by 1.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 29 homes were sold in Iroquois County; 52% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 34% 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 11 Days Ago

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