Bartonville IL Real Estate Market – May 2020

Let's take a look at the Bartonville IL Real Estate Market trends over the past six months. This report consists of properties that are located in Limestone High School District. It includes all residential properties including single family and single family attached properties but does not include lots.

Bartonville IL Real Estate - Homes for Sale

​There are currently (05/03/2020) ​71 properties for sale. The average days on market is ​95​ and the median days on market is ​65 days. The average list price is​ $134,913 and the median asking price is ​$114,900​.

Current Pendings

​​There are ​23 properties that are pending, meaning that they have already accepted offers but have not yet closed. The pending ratio is ​24​% (​23 divided by ​71).

Bartonville homes that sold within the past 6 months

​​There have been ​121 properties that have sold and closed within the last six months. The average original asking price was ​$112,763 and the ​​final asking price (after price reductions) was ​$107,486. The average sales price was $103,145 so the final list price to sales price ratio was ​96%. The median original asking price was ​$99,900 and the final median asking price was ​$98,000. The median sale price was $91,500 so the final median asking price to sales price ration was ​93%​.

The average days on market for sold properties was 69 days and the median days on market for sold properties was 45 days.

Bartonville homes that did not sell

​​There were ​77 ​​​homes that were listed for sale that came off of the market without selling. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time.

​​Market Absorption Rate

​​Analysis of the absorption rate for all properties in ​​Bartonville High School District indicates an inventory of ​3.5 months based on the last 6 months of sales. This estimate is often used to determine how long it would take to sell off the current inventory of properties if all conditions remained the same. It is significant to mention that this estimate does not take into consideration any additional properties that will come onto the market in the future.​

Bartonville IL Real Estate - Supply vs Demand

​​If there’s a one, two or three months’ supply of homes on the market, the demand exceeds the inventory so it’s considered a seller’s market. If there is a four or five-month supply of homes on the market, it's a balanced market. If there’s a six-month supply or more on the market, it's a buyer’s market.

Active Listings

71

Average Asking Price

$134,913

Median Asking Price

$114,900

Average Sold Price

$103,145

Median Sold Price

$91,500

​Thinking about buying or selling a home in the Bartonville, IL area?

Like this information but want more?

​Our simple to read five-page reports will tell you everything you need to know about the Bartonville real estate market. They are packed full of charts, graphs, spreadsheets, commentary and are broken down by price range. They will answer all of your questions such as:​​​

  • ​How quickly or slowly are homes selling?
  • ​Is it a buyer's market or a seller's market?
  • ​What's the supply vs the demand?
  • ​What percentage of homes sell vs don't sell?
  • ​What price ranges are selling the ​best/worst?

​If you are looking to buy or sell a home in the ​Peoria area, we would love to hear from you. Call us at (309) 693-1133 or Contact us here.