Is Sandwich 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, Sandwich Township has remained a Seller's Market.
Housing Prices in Sandwich Township, IL
How much do homes in Sandwich Township, IL cost?
Median Sold Price
$296,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sandwich Township was $296,000 in May 2024, up 17.2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $187K | $190K | +1.6% |
3 Bedrooms | $264K | $291.5K | +10.4% |
4 Bedrooms | $279.5K | $336.4K | +20.4% |
5+ Bedrooms | $285K | $354K | +24.2% |
Summary: Sandwich 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 1.6%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 24.2%.
Median Sold Price Compared To Nearby Cities
Somonauk Township | $222K | $292K | +31.5% |
Northville Township | $280K | $358K | +27.9% |
Sandwich | $249.4K | $296K | +18.7% |
Sandwich Township | $252.5K | $296K | +17.2% |
Little Rock Township | $225.2K | $245.5K | +9.0% |
Housing Supply in Sandwich Township, IL
How many homes are available in Sandwich Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 41 | +13.9% |
Summary: The Sandwich Township real estate market had 41 homes for sale in May 2024, a 13.9% 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 | 10 | 9 | -10.0% |
3 Bedrooms | 14 | 25 | +78.6% |
4 Bedrooms | 12 | 7 | -41.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sandwich 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 decreased by 10%, 3 bedroom homes increased by 78.6%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Sandwich Township in May 2024, up by 60.0% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Sandwich Township, IL
How long does it take to sell a home in Sandwich Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 25 Days | +9.1% |
Summary: Homes in Sandwich Township had an average of 25 days on market in May 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Sandwich Township; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.