Is Adams 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, Adams County has remained a Seller's Market.
Housing Prices in Adams County, IL
How much do homes in Adams County, IL cost?
Median Sold Price
$155,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Adams County was $155,000 in May 2024, up 4.2% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55.3K | $82.7K | +49.6% |
2 Bedrooms | $115K | $121.5K | +5.7% |
3 Bedrooms | $159.9K | $156.7K | -2.0% |
4 Bedrooms | $180K | $207K | +15.0% |
5+ Bedrooms | $352.4K | $320K | -9.2% |
Summary: Adams County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.6%, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Counties
Pike County | $104.5K | $120K | +14.8% |
Adams County | $148.7K | $155K | +4.2% |
Housing Supply in Adams County, IL
How many homes are available in Adams County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
219 | 214 | -2.3% |
Summary: The Adams County real estate market had 214 homes for sale in May 2024, a 2.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 52 | 53 | +1.9% |
3 Bedrooms | 98 | 90 | -8.2% |
4 Bedrooms | 44 | 44 | 0.0% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Adams County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 56 | +1.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Adams County in May 2024, up by 1.8% month-over-month. Of the 56 sold homes, 38% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Adams County, IL
How long does it take to sell a home in Adams County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 29 Days | +27.7% |
Summary: Homes in Adams County had an average of 29 days on market in May 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 56 homes were sold in Adams County; 75% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.