Is Tazewell County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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 May 2023
Summary: The median home sold price in Tazewell County was $160,000 in May 2024, up 6.7% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $44K | $39K | -11.4% |
2 Bedrooms | $95.5K | $98.4K | +3.1% |
3 Bedrooms | $145K | $162.6K | +12.1% |
4 Bedrooms | $222.9K | $235K | +5.4% |
5+ Bedrooms | $320K | $350K | +9.4% |
Summary: Tazewell County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Counties
Woodford County | $185K | $221.2K | +19.6% |
Mason County | $82K | $90K | +9.8% |
Tazewell County | $149.8K | $160K | +6.7% |
Peoria County | $132K | $136K | +3.0% |
Logan County | $114.3K | $112.1K | -1.9% |
Housing Supply in Tazewell County, IL
How many homes are available in Tazewell County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
408 | 403 | -1.2% |
Summary: The Tazewell County real estate market had 403 homes for sale in May 2024, a 1.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 79 | 76 | -3.8% |
3 Bedrooms | 182 | 186 | +2.2% |
4 Bedrooms | 100 | 86 | -14.0% |
5+ Bedrooms | 42 | 50 | +19.0% |
Summary: The Tazewell County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
141 | 146 | +3.5% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 146 homes were sold or pending in Tazewell County in May 2024, up by 3.5% month-over-month. Of the 146 sold homes, 39% were sold under asking, 20% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 15 Days | -25.9% |
Summary: Homes in Tazewell County had an average of 15 days on market in May 2024, down by 25.9% compared to last year.
Breakdown of Home Sale Times
121 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 146 homes were sold in Tazewell County; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.