Washington, IL Home Values & Market Trends
Real estate market trends reflect that there have been 461 transactions over the past year in Washington. The median value for residential home transactions that occurred over the previous year is $183,795.5. The number of current listings in Washington is 25, and the percentage of properties for sale in the city is 25.00%. Washington, IL currently has 13 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 25 properties for sale.
Washington, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61571 | $ 294,551 $ 105/sqft |
Housing Market Summary for Washington, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $224.9K | $166K | -26.21% |
| Median Sold Price | $0 | $166K | - |
| Homes For Sale | 33 | 25 | -24.24% |
| Homes Sold | 0 | 232 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Washington, IL
Browse Homes in Washington, IL
Washington home values range from $32,675 to $1,741,773. The median estimated value of a home in Washington is $183,795.5. The median list price of a home is 255,000, and the total count of properties in the city is 9,032.
- Pre-ForeclosurePre-foreclosure homes account for 0.12% of all residential properties in Washington, IL with 61571 containing 11 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Washington, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $192,122 in 61571 to the lowest home value of $65,897 in 61571.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Washington, IL ranges from the highest value of $147,377 in 61571 to the lowest value of $147,377 in 61571. Bank owned homes and properties account for 0.01% of properties in Washington, IL. There is 1 zips within Washington, IL; 61571 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61571 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Washington, IL. Auction homes and other auction properties account for 0.01% of all properties in Washington, IL. There is 1 zips within Washington, IL; of that zips, the median estimated home value for homes going to auction ranges from $147,375 in 61571 to the lowest value of $147,375 in 61571.
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Guide for Washington, IL
The Washington DC real estate market from 2023-2024 underwent alternating trends with volatility in average property values and prices per square foot. Yet, an ascending movement in average sold prices and average sold prices per square foot emerged, along with a steady rise in the sales count, indicating a thriving market scenario.
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