Is Fremont Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fremont Township has remained a Seller's Market.
Housing Prices in Fremont Township, IL
How much do homes in Fremont Township, IL cost?
Median Sold Price
$395,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fremont Township was $395,000 in April 2024, up 8.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87K | $109.9K | +26.3% |
2 Bedrooms | $218K | $240K | +10.1% |
3 Bedrooms | $315K | $372.3K | +18.2% |
4 Bedrooms | $415K | $490K | +18.1% |
5+ Bedrooms | $532.5K | $550K | +3.3% |
Summary: Fremont Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Wauconda | $265K | $318.5K | +20.2% |
Mundelein | $315K | $371.4K | +17.9% |
Round Lake Park | $165.5K | $185K | +11.8% |
Fremont Township | $365K | $395K | +8.2% |
Hawthorn Woods | $610K | $655K | +7.4% |
Housing Supply in Fremont Township, IL
How many homes are available in Fremont Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 133 | +9.9% |
Summary: The Fremont Township real estate market had 133 homes for sale in April 2024, a 9.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 33 | 37 | +12.1% |
3 Bedrooms | 28 | 32 | +14.3% |
4 Bedrooms | 42 | 47 | +11.9% |
5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Fremont Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Fremont Township in April 2024, up by 6.3% month-over-month. Of the 34 sold homes, 26% were sold under asking, 9% were sold at asking, and 65% were sold over asking.
Days on Market for Fremont Township, IL
How long does it take to sell a home in Fremont Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 20 Days | +5.6% |
Summary: Homes in Fremont Township had an average of 20 days on market in Apr 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Fremont Township; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.