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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tuscola is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Tuscola, IL

How much do homes in Tuscola, IL cost?

Median Sold Price

$146,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,250(+6.0%)

Key Takeaway

Homes in Tuscola have sold for 6% more than they did a year ago.

Summary: The median home sold price in Tuscola was $146,000 in May 2024, up 6% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $88K$83K
-5.7%
2 $127K$115K
-9.4%
3 $139.7K$147K
+5.2%
4 $160K$213.5K
+33.4%
5+ $137.5K$84.5K
-38.5%

Summary: Tuscola housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 33.4%, and 5+ bedroom homes decreased by 38.5%.

Median Sold Price Compared To Nearby Cities

Tuscola
+6.0%
Tuscola Township
+4.3%

Housing Supply in Tuscola, IL

How many homes are available in Tuscola, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1516+6.7%

Summary: The Tuscola real estate market had 16 homes for sale in May 2024, a 6.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 87
-12.5%
4 34
+33.3%
5+ 00
0.0%

Summary: The Tuscola 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 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tuscola, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Tuscola in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Tuscola, IL

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

Average Sale Time

May 2023May 2024CHANGE
36 Days35 Days-3.2%

Summary: Homes in Tuscola had an average of 35 days on market in May 2024, down by 3.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Tuscola; 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 Tuscola, IL

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