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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Town Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

-$77,500(-18.3%)

Key Takeaway

Homes in Old Town Township have sold for 18.3% less than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 -$69K
N/A
3 $400K$305.5K
-23.6%
4 $420K$345K
-17.9%
5+ $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
+11.6%
Bloomington City Township
+8.1%
Towanda Township
-4.4%
Old Town Township
-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 2024Apr 2024CHANGE
1619+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 69
+50.0%
4 88
0.0%
5+ 22
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 2024Apr 2024CHANGE
14+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Town Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
55 Days95 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Old Town Township, IL

Nearby Markets to Old Town Township, IL

What housing markets are near Old Town Township, IL?