The average home in McDonough County was on the market for $118,000 in November, down 1.2% from the previous month’s $119,400, an analysis of Realtor.com data shows.
Compared to November 2023, the average list price of a home has increased 57.5% from $74,900.
The statistics in this article refer only to homes for sale in McDonough County, not homes that have been sold. Information about your local housing market, along with other useful community data, is available at data.pjstar.com.
McDonough County’s average home was 1,562 square feet, listed at $72 per square foot. The price per square meter of homes for sale has increased by 23.6% compared to November 2023.
Listings in McDonough County trended steadily, with an average of 62 days listed, compared to November’s national average of 62 days on the market. In the previous month, homes spent an average of 56 days on the market. Approximately 16 new homes came onto the market in November, a decrease of 27.3% compared to the 22 new homes in November 2023.
Realtor.com’s average home prices may exclude many or even most of the homes on the market. Price and volume represent single-family homes, condominiums, or townhomes only. They include existing homes but exclude most new-build homes and pending and conditional sales.
In Illinois, median home prices were $303,000, down slightly from October. The average Illinois home for sale was 1,700 square feet, priced at $180 per square foot.
In the United States, the average home price was $416,880, down slightly from the previous month. The average American home for sale was listed at 1,821 square feet, priced at $224 per square foot.
The average list price for homes used in this report represents the midpoint of all homes or units listed during the given period. Experts say the median provides a more accurate picture of what’s happening in a market than the average list price, which would mean taking the sum of all list prices and then dividing it by the number of homes sold. The average may be distorted by a particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites nationwide, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared in The McDonough County Voice: McDonough County home listings asked for less money in November – see current median price here
