Is Maine 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, Maine Township has remained a Seller's Market.
Housing Prices in Maine Township, IL
How much do homes in Maine Township, IL cost?
Median Sold Price
$359,908
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Maine Township was $359,908 in April 2024, up 7.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $131K | $148K | +13.0% |
2 Bedrooms | $229.8K | $252.8K | +10.0% |
3 Bedrooms | $363.4K | $394.1K | +8.4% |
4 Bedrooms | $525.6K | $539.9K | +2.7% |
5+ Bedrooms | $640K | $660K | +3.1% |
Summary: Maine Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
Niles | $325K | $350.5K | +7.9% |
Maine Township | $334.8K | $359.9K | +7.5% |
Park Ridge | $495K | $522.4K | +5.5% |
Des Plaines | $301.1K | $297.3K | -1.3% |
Housing Supply in Maine Township, IL
How many homes are available in Maine Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
373 | 433 | +16.1% |
Summary: The Maine Township real estate market had 433 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 27 | +12.5% |
2 Bedrooms | 100 | 121 | +21.0% |
3 Bedrooms | 147 | 164 | +11.6% |
4 Bedrooms | 77 | 89 | +15.6% |
5+ Bedrooms | 25 | 32 | +28.0% |
Summary: The Maine Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 28%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 120 | +7.1% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
66 Homes Were Sold
Over Asking
Summary: A total of 120 homes were sold or pending in Maine Township in April 2024, up by 7.1% month-over-month. Of the 120 sold homes, 33% were sold under asking, 12% were sold at asking, and 55% were sold over asking.
Days on Market for Maine Township, IL
How long does it take to sell a home in Maine Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 17 Days | -11.0% |
Summary: Homes in Maine Township had an average of 17 days on market in Apr 2024, down by 11% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 120 homes were sold in Maine Township; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.