Is Medina 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, Medina Township has remained a Seller's Market.
Housing Prices in Medina Township, IL
How much do homes in Medina Township, IL cost?
Median Sold Price
$315,500
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Medina Township was $315,500 in April 2024, up 10.9% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $40K | N/A |
2 Bedrooms | $179.9K | $130.4K | -27.5% |
3 Bedrooms | $218.5K | $240K | +9.8% |
4 Bedrooms | $290K | $325K | +12.1% |
5+ Bedrooms | $385.5K | $422K | +9.5% |
Summary: Medina 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 27.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
Medina Township | $284.5K | $315.5K | +10.9% |
Peoria Heights | $109.9K | $120K | +9.2% |
Peoria | $124.9K | $126.3K | +1.1% |
Housing Supply in Medina Township, IL
How many homes are available in Medina Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 33 | 0.0% |
Summary: The Medina Township real estate market had 33 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Medina 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 decreased by 66.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Medina Township in April 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Medina Township, IL
How long does it take to sell a home in Medina Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 33 Days | -23.6% |
Summary: Homes in Medina Township had an average of 33 days on market in Apr 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Medina Township; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.