Is Old Town 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, Old Town Township has remained a Seller's Market.
Housing Prices in Old Town Township, IL
How much do homes in Old Town Township, IL cost?
Median Sold Price
$345,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Old Town Township was $345,000 in April 2024, down 18.3% 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 | - | - | N/A |
2 Bedrooms | - | $69K | N/A |
3 Bedrooms | $400K | $305.5K | -23.6% |
4 Bedrooms | $420K | $345K | -17.9% |
5+ Bedrooms | $567.5K | $482.5K | -15.0% |
Summary: Old Town 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 did not change, 3 bedroom homes decreased by 23.6%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 15%.
Median Sold Price Compared To Nearby Cities
Bloomington | $216.2K | $241.3K | +11.6% |
Bloomington City Township | $215.1K | $232.5K | +8.1% |
Towanda Township | $390K | $373K | -4.4% |
Old Town Township | $422.5K | $345K | -18.3% |
Housing Supply in Old Town Township, IL
How many homes are available in Old Town Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Summary: The Old Town Township real estate market had 19 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Old Town 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Old Town Township in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Old Town Township, IL
How long does it take to sell a home in Old Town Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 95 Days | +70.9% |
Summary: Homes in Old Town Township had an average of 95 days on market in Apr 2024, up by 70.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Old Town Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.