Newly released data from Realtor.com for January shows that potential buyers and sellers in Henry County saw houses sell for higher than the previous month's median sale price of $120,000.
The median home sold for $125,000, an analysis of data from Realtor.com shows. That means January, the most recent month for which figures are available, was up 4.2% from December.
Compared to January 2023, the median home sale price was up 14.7% at $125,000 compared to $109,000.
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 $125,000 median selling price in Henry County was up 3.1% in January from $121,250 the month prior. Since January 2023, the sale price of single-family homes was up 14.7% from a median of $109,000.
Two single family homes sold for $1 million or more during the month, compared to zero recorded transactions of at least $1 million in January 2023.
In January, the number of recorded sales in Henry County rose by 23.5% since January 2023 from 34 to 42. All residential home sales totaled to $7.5 million.
In Illinois, homes sold at a median of $255,000 during January, down 1.9% from $260,000 in December. There were 7,880 recorded sales across the state during January, down 8.2% from 8,584 recorded sales in January 2023.
The total value of recorded residential home sales in Illinois increased by 76.3% from $3.8 billion in December to $6.6 billion this January.
Out of all residential home sales in Illinois, 4.06% of homes sold for at least $1 million in January, down from 5.07% in January 2023.
Sales prices of single-family homes across Illinois decreased by 1.4% from a median of $255,355 in December to $251,781 in January. Since January 2023, the sale price of single-family homes across the state was up 0.7% from $250,000.
Across the state, the sale price of condominiums and townhomes dropped 0.4% from a median of $260,916 in December to $260,000 during January. The median sale price of condominiums and townhomes is up 6.1% from the median of $245,000 in January 2023.
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.
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