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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Capital Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Capital Township, IL

How much do homes in Capital Township, IL cost?

Median Sold Price

$158,207

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$9,408(+6.3%)

Key Takeaway

Homes in Capital Township have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Capital Township was $158,207 in April 2024, up 6.3% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $49.7K$41K
-17.6%
2 $95K$100K
+5.3%
3 $155K$164.7K
+6.3%
4 $274.9K$240K
-12.7%
5+ $423K$445K
+5.2%

Summary: Capital Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Cities

Jerome
+17.1%
Southern View
+7.7%
Springfield
+7.3%
Capital Township
+6.3%
Woodside Township
+6.2%

Housing Supply in Capital Township, IL

How many homes are available in Capital Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
375423+12.8%

Summary: The Capital Township real estate market had 423 homes for sale in April 2024, a 12.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 66
0.0%
2 111121
+9.0%
3 175200
+14.3%
4 6176
+24.6%
5+ 2220
-9.1%

Summary: The Capital 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 increased by 9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
120126+5.0%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

53 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Capital Township, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.

Summary: A total of 126 homes were sold or pending in Capital Township in April 2024, up by 5.0% month-over-month. Of the 126 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.

Days on Market for Capital Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
11 Days13 Days+17.6%

Summary: Homes in Capital Township had an average of 13 days on market in Apr 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

108 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 126 homes were sold in Capital Township; 86% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% 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 22 Days Ago

Newest Listings in Capital Township, IL

Nearby Markets to Capital Township, IL

What housing markets are near Capital Township, IL?