Is Moro Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Moro Township has remained a Seller's Market.
Housing Prices in Moro Township, IL
How much do homes in Moro Township, IL cost?
Median Sold Price
$270,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Moro Township was $270,500 in May 2024, up 2.1% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $139K | $210K | +51.1% |
3 Bedrooms | $249K | $242K | -2.8% |
4 Bedrooms | $320K | $365K | +14.1% |
5+ Bedrooms | $449.9K | $497K | +10.5% |
Summary: Moro Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.1%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
Moro | $171K | $235K | +37.4% |
Fort Russell Township | $247K | $280K | +13.4% |
Moro Township | $265K | $270.5K | +2.1% |
Bunker Hill Township | $142K | $139.7K | -1.6% |
Housing Supply in Moro Township, IL
How many homes are available in Moro Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Summary: The Moro Township real estate market had 17 homes for sale in May 2024, a 21.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Moro Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Moro Township in May 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Moro Township, IL
How long does it take to sell a home in Moro Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 59 Days | +77.9% |
Summary: Homes in Moro Township had an average of 59 days on market in May 2024, up by 77.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Moro Township; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.