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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macoupin County is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Macoupin County, IL

How much do homes in Macoupin County, IL cost?

Median Sold Price

$125,416

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,425(+4.5%)

Key Takeaway

Homes in Macoupin County have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Macoupin County was $125,416 in April 2024, up 4.5% from last year, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $60K$76K
+26.7%
2 $78K$85K
+9.0%
3 $128K$139K
+8.6%
4 $200K$160K
-20.0%
5+ $212K$215.5K
+1.7%

Summary: Macoupin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Counties

Montgomery County
+15.3%
Greene County
+11.8%
Jersey County
+9.9%
Macoupin County
+4.5%
Madison County
+3.9%

Housing Supply in Macoupin County, IL

How many homes are available in Macoupin County, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
160169+5.6%

Summary: The Macoupin County real estate market had 169 homes for sale in April 2024, a 5.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 43
-25.0%
2 4141
0.0%
3 7786
+11.7%
4 3033
+10.0%
5+ 86
-25.0%

Summary: The Macoupin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3440+17.6%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macoupin County, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Macoupin County in April 2024, up by 17.6% month-over-month. Of the 40 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% were sold over asking.

Days on Market for Macoupin County, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
63 Days78 Days+24.8%

Summary: Homes in Macoupin County had an average of 78 days on market in Apr 2024, up by 24.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Macoupin County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 40 homes were sold in Macoupin County; 35% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 38% 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

Newest Listings in Macoupin County, IL

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