Litchfield, IL Home Values & Market Trends
Real estate market trends reflect that there have been 222 transactions over the past year in Litchfield. The median value for residential home transactions that occurred over the previous year is $103,897.97. The number of current listings in Litchfield is 11, and the percentage of properties for sale in the city is 11.00%. Litchfield, IL currently has 13 properties in foreclosure, 5 bank owned properties, 4 properties headed for auction, and 11 properties for sale.
Litchfield, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 62056 | $ 133,000 $ 89/sqft |
Housing Market Summary for Litchfield, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $105.9K | $83,713.5 | -20.95% |
| Median Sold Price | $87,956 | $83,713.5 | -4.82% |
| Homes For Sale | 9 | 8 | -11.11% |
| Homes Sold | 79 | 140 | 77.22% |
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 Litchfield, IL
Browse Homes in Litchfield, IL
Litchfield home values range from $8,131 to $1,103,569. The median estimated value of a home in Litchfield is $103,897.97. The median list price of a home is 87,500, and the total count of properties in the city is 3,154.
- Pre-ForeclosurePre-foreclosure homes account for 0.13% of all residential properties in Litchfield, IL with 62056 containing 4 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Litchfield, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $153,999 in 62056 to the lowest home value of $68,357 in 62056.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Litchfield, IL ranges from the highest value of $178,601 in 62056 to the lowest value of $32,004 in 62056. Bank owned homes and properties account for 0.16% of properties in Litchfield, IL. There is 1 zips within Litchfield, IL; 62056 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions62056 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Litchfield, IL. Auction homes and other auction properties account for 0.13% of all properties in Litchfield, IL. There is 1 zips within Litchfield, IL; of that zips, the median estimated home value for homes going to auction ranges from $122,217 in 62056 to the lowest value of $52,979 in 62056.
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