Is Paxton, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Paxton is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Paxton, IL

How much do homes in Paxton, IL cost?

Median Sold Price

$132,750

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,750(+6.2%)

Key Takeaway

Homes in Paxton have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Paxton was $132,750 in May 2024, up 6.2% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $55K$56.5K
+2.7%
2 $51.7K$106.5K
+105.8%
3 $135K$132.5K
-1.9%
4 $175K$159.5K
-8.9%
5+ -$146K
N/A

Summary: Paxton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 105.8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Paxton
+6.2%
Patton Township
+3.6%

Housing Supply in Paxton, IL

How many homes are available in Paxton, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3230-6.3%

Summary: The Paxton real estate market had 30 homes for sale in May 2024, a 6.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 1915
-21.1%
4 77
0.0%
5+ 00
0.0%

Summary: The Paxton 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 increased by 33.3%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Paxton, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Paxton in May 2024, down by 9.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Paxton, IL

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

Average Sale Time

May 2023May 2024CHANGE
10 Days33 Days+207.4%

Summary: Homes in Paxton had an average of 33 days on market in May 2024, up by 207.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 10 homes were sold in Paxton; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 1 Day Ago

Newest Listings in Paxton, IL

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