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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dorr Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Dorr Township, IL

How much do homes in Dorr Township, IL cost?

Median Sold Price

$309,500

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$32,500(+11.7%)

Key Takeaway

Homes in Dorr Township have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Dorr Township was $309,500 in April 2024, up 11.7% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $102.5K$112K
+9.3%
2 $185K$209.5K
+13.2%
3 $270K$285K
+5.6%
4 $339.9K$375K
+10.3%
5+ $455K$565.5K
+24.3%

Summary: Dorr Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 24.3%.

Median Sold Price Compared To Nearby Cities

Crystal Lake
+21.7%
Woodstock
+14.8%
Dorr Township
+11.7%
Lakewood
+7.4%
Bull Valley
+2.4%

Housing Supply in Dorr Township, IL

How many homes are available in Dorr Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6775+11.9%

Summary: The Dorr Township real estate market had 75 homes for sale in April 2024, a 11.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 88
0.0%
3 3133
+6.5%
4 2028
+40.0%
5+ 76
-14.3%

Summary: The Dorr Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2227+22.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dorr Township, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Dorr Township in April 2024, up by 22.7% month-over-month. Of the 27 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% were sold over asking.

Days on Market for Dorr Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
24 Days51 Days+109.9%

Summary: Homes in Dorr Township had an average of 51 days on market in Apr 2024, up by 109.9% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 27 homes were sold in Dorr Township; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% 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 Dorr Township, IL

Nearby Markets to Dorr Township, IL

What housing markets are near Dorr Township, IL?