Pulaski County, IL housing market

What this means

• Prices. Home values are down 7.7% over the past year (U.S.: +1.2%), 36% below their 2022-23 peak.
• Supply. Listings are 6% below the 2017-19 norm and rising (+38% vs. a year ago), close to pre-pandemic levels.
• Negotiating. Buyer leverage is high (68/100; U.S.: 54): homes sell for about 6.7% below their final list price; 18% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 16% of the median household income (U.S.: 35%); it takes about $23k a year to keep the payment at 30% of gross pay. That includes about $1,640 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $311 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from earthquakes. Earthquakes aren't covered by standard homeowners insurance.
• Outlook. Leaning up: likely −4% to +12% over the next 12 months (79% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −4.4% to +12.0% (80% range; middle estimate +5.1%), chance of a rise 79%, of a 5%+ drop 8%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

ZIP codes in Pulaski County, IL