Mattoon Market Information

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Whether buying or selling, one characteristic to consider when choosing an agent is their knowledge of the market.  We believe it is critical for our clients to have current, relevant information.  According to the National Association of Realtors “2016 Profile of Home Buyers and Sellers”, 92% of buyer respondents rated an agent’s knowledge of the real estate market as “Very Important.” 

Real estate is local, not only to a community, but also to different price ranges.  While one price point may be performing very well, there may be others that are not.  Therefore, we track not only the overall market information for Mattoon and Charleston, but we break each community into 13 different price ranges.     

Mattoon

  • CLOSED UNITS - Mattoon had more than 30 closed units in a month for the first time since September.  The 32 units were nearly double April’s total. With 110 properties sold YTD, closed units have declined 10.5% YOY. While down, the comparison is somewhat skewed in that 2022 had the most closed units through May in the last 20 years. Thus far, 2023 ranks 3rd for the most closed units YTD and is more than 18% above the average.     
  • SALE PRICES (ROLLING 12 MONTHS) - After breaking $120,000 for the first time in April, the 12-month average sale price increased by $553 and set a new high of $120,721. Since last May, the average sale price has increased by 6.3%.  Conversely, the median sale price was flat from April, at $97,750, and was just below the $98,000 from a year ago.  
  • LISTING UNITS - At 24 new listings, Mattoon fell short of May’s average of 28 units. Not since 2013 have there been fewer new listings in May. However, the 24 units were the most properties listed in a month since October. Thus far, there have been 98 new listings YTD, 27% below the 10-year average. Going back further, only four times in the last 20 years has Matton had fewer than 100 new listings in the first five months of a year.      
  • PENDING UNITS - For the fifth month in a row, the number of new pending units exceeded the number of new listings, equating to a net loss of the overall inventory on the market. May’s 26 new pendings brought Mattoon’s YTD total to 120. While this is above the average of 106 pending units, as stated already, Mattoon has only had 98 new listings.                               
Mattoon Market Information
Mattoon Market Information
Mattoon Market Information
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