Explore US City Effingham, IL - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Market Insights
The housing market in Effingham continues to see strong price appreciation, with values up 17.8% compared to last year. Home prices have decreased 14.2% in the past month. With 2.4 months of supply, Effingham's inventory levels remain relatively tight. Homes are taking about 27 days to sell, which is 2 days longer than this time last year. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 30.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Effingham market with the affordability index at 124.7. Looking ahead, the Effingham market is expected to maintain its current trajectory with relatively stable conditions.
Demographics market for - Effingham, IL
Total Population -
12,457
Effingham, IL has a total population of 13,073 residents. The area is predominantly White (89.3%), The area has a more homogeneous population distribution. As a smaller community, Effingham, IL offers a close-knit residential environment.
White Race
94%
African American Race
1%
Crime for City - Effingham, IL
Crime analysis for Effingham, IL shows 253 total incidents across all categories. The most prevalent crime type is Property Crime (46.2% of all incidents). This is followed by Assault at 41.1%. The crime rate in Effingham, IL is relatively low, with violent crimes being more common than property crimes. While crime exists, Effingham, IL maintains reasonable safety levels for most residents.
Real Estate Market Prediction for - Effingham, IL
Market predictions for Effingham, IL show an upward trend in home prices, with values increasing by 3.9%. This suggests a gradual price adjustment in the market. The current median home price in Effingham, IL is approximately $239,916.688. The stable price trend suggests a balanced market in Effingham, IL, suitable for both buyers and sellers.
City Hotspots Map
Effingham, IL features 1 investment hotspots with varying levels of activity. The average nightly rate of $116 suggests an affordable market for travelers. Guest satisfaction is good with an average rating of 4.2/5. The high average hotspot score of 0.88 indicates excellent investment potential in these areas. With only 19 hotels, this represents an emerging market with potential for growth.
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Nearby Cities From- Effingham, IL
Teutopolis, IL
Watson, IL
Sigel, IL
Shumway, IL
Stewardson, IL
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