Mattoon Market Information

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.  Click here If you would like to receive our monthly report.  Otherwise, check back monthly for some highlights that we observed in the market.       

  • While 2017 fell even further behind pace set in 2016, the 147 units closed through the end of July marks only the third time in the past nine years that there have been at least 140 sold in the first 7 months of the year.  It should be noted that 2016 had the 2nd highest number of sales for YTD through July in the last 18 years
  • Dropping another 8.9% in August, inventory remains tight with only 102 active homes on the market as of Aug. 1st.  This comes off of the 8.2% decline from June to July.  2017 marks the lowest level in inventory for August in the last five years. 
  • Sale price is $91,263 for the average and $79,500 for the median.  In comparison to 2015 and 2016 YTD, average sale price is up 4.3% from 2015 but down 8.4% from 2016.  Median sale price is up 8.2% from 2015 and 2.3% from 2016. 
  • With all four time periods indicating less than a 6 month supply of inventory, the Mattoon market continues to favor sellers.  

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