Newly released data for December shows that potential buyers and sellers in Logan County saw houses sell for higher than the previous month's median sale price of $100,500.
The median home sold for $111,000, an analysis of data from Realtor.com shows. That means December, the most recent month for which figures are available, was up 10.4% from November.
Compared to December 2022, the median home sale price was up 9.4% at $111,000 compared to $101,500.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in up-to-date data. The statistics don't include homes currently listed for sale, and aren't directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.pjstar.com.
Looking only at single-family homes, the $111,000 median selling price in Logan County was up 10.4% in December from $100,500 the month prior. Since December 2022, the sale price of single-family homes was up 9.4% from a median of $101,500.
No single-family homes sold for at least $1 million or more during the month.
In December, the number of recorded sales in Logan County dropped by 45.8% since December 2022 from 24 to 13. All residential home sales totaled to $1.9 million.
In Illinois, homes sold at a median of $260,000 during December, up 2% from $255,000 in November. There were 9,774 recorded sales across the state during December, down 4.4% from 10,219 recorded sales in December 2022.
The total value of recorded residential home sales in Illinois increased by 14.6% from $3.3 billion in November to $3.7 billion this December.
Out of all residential home sales in Illinois, 3.99% of homes sold for at least $1 million in December, down from 7.37% in December 2022.
Sales prices of single-family homes across Illinois increased by 0.9% from a median of $253,542 in November to $255,782 in December. Since December 2022, the sale price of single-family homes across the state was up 4.4% from $245,000.
Across the state, the sale price of condominiums and townhomes rose 1.6% from a median of $256,850 in November to $260,916 during December. The median sale price of condominiums and townhomes is up 1.1% from the median of $258,211 in December 2022.
The median home sale price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sale price, which would mean taking the sum of all sale prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
Comments / 0