Is Bonus Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bonus Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Bonus Township has remained a Seller's Market.

Key Takeaway

Bonus Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bonus Township, IL

How much do homes in Bonus Township, IL cost?

Median Sold Price

$264,950

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,950(+4.7%)

Key Takeaway

Homes in Bonus Township have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Bonus Township was $264,950 in April 2024, up 4.7% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $275K-
N/A
2 $147.5K$152.5K
+3.4%
3 $244K$264.9K
+8.6%
4 $310.5K$290K
-6.6%
5+ $247.9K$315K
+27.0%

Summary: Bonus Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 27%.

Median Sold Price Compared To Nearby Cities

Belvidere
+32.8%
Belvidere Township
+17.4%
Bonus Township
+4.7%
Poplar Grove
-10.4%

Housing Supply in Bonus Township, IL

How many homes are available in Bonus Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1410-28.6%

Summary: The Bonus Township real estate market had 10 homes for sale in April 2024, a 28.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 85
-37.5%
4 45
+25.0%
5+ 10
-100.0%

Summary: The Bonus Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bonus Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Bonus Township in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Bonus Township, IL

How long does it take to sell a home in Bonus Township, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
16 Days7 Days-54.2%

Summary: Homes in Bonus Township had an average of 7 days on market in Apr 2024, down by 54.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bonus Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Bonus Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Bonus Township, IL

Nearby Markets to Bonus Township, IL

What housing markets are near Bonus Township, IL?