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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gardner Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Gardner Township, IL

How much do homes in Gardner Township, IL cost?

Median Sold Price

$235,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$50,000(-17.5%)

Key Takeaway

Homes in Gardner Township have sold for 17.5% less than they did a year ago.

Summary: The median home sold price in Gardner Township was $235,000 in April 2024, down 17.5% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$20K
N/A
2 $359.5K$177.5K
-50.6%
3 $256.2K$220K
-14.1%
4 $280K$252.5K
-9.8%
5+ $385K$800K
+107.8%

Summary: Gardner 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 decreased by 50.6%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 107.8%.

Median Sold Price Compared To Nearby Cities

Springfield Township
+20.7%
Capital Township
+6.3%
Fancy Creek Township
-16.2%
Gardner Township
-17.5%

Housing Supply in Gardner Township, IL

How many homes are available in Gardner Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
912+33.3%

Summary: The Gardner Township real estate market had 12 homes for sale in April 2024, a 33.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 02
+100.0%
3 32
-33.3%
4 57
+40.0%
5+ 00
0.0%

Summary: The Gardner 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gardner Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Gardner Township in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for Gardner Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
8 Days9 Days+6.7%

Summary: Homes in Gardner Township had an average of 9 days on market in Apr 2024, up by 6.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 5 homes were sold in Gardner Township; 80% of homes were sold within 30 days, 20% 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 10 Days Ago

Newest Listings in Gardner Township, IL

Nearby Markets to Gardner Township, IL

What housing markets are near Gardner Township, IL?