Quantcast

Macon Reporter

Thursday, November 21, 2024

Macon County home prices rose in 2023

Webp jz6krxv8sd35c9qneu40uf7d2low

Macon County Recorder Department Recorder Mary A. Eaton (2023) | Macon County Illinois Recorder’s Office

Macon County Recorder Department Recorder Mary A. Eaton (2023) | Macon County Illinois Recorder’s Office

The median sale price of a home sold in 2023 in Macon County rose by $250, while total sales decreased by 17.4%, according to BlockShopper.com.

Throughout 2023, 1,595 homes were sold in the county, with a median sale price of $96,000. This is a 0.3% increase over the $95,750 median sale price during the same period in 2022, when there were 1,932 homes sold.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Macon County from January 2022 to December 2023.

20222023$95,750$95,750$96,000$96,000

MORE NEWS