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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scott Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Scott Township, IL

How much do homes in Scott Township, IL cost?

Median Sold Price

$260,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$50,000(+23.8%)

Key Takeaway

Homes in Scott Township have sold for 23.8% more than they did a year ago.

Summary: The median home sold price in Scott Township was $260,000 in May 2024, up 23.8% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 -$133K
N/A
3 $201K$246.1K
+22.5%
4 $250K$299K
+19.6%
5+ $325K$433K
+33.2%

Summary: Scott 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 did not change, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 33.2%.

Median Sold Price Compared To Nearby Cities

Stillman Valley
+32.7%
Scott Township
+23.8%
Davis Junction
+16.1%

Housing Supply in Scott Township, IL

How many homes are available in Scott Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
550.0%

Summary: The Scott Township real estate market had 5 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 12
+100.0%
4 12
+100.0%
5+ 10
-100.0%

Summary: The Scott 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 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scott Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Scott Township in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Scott Township, IL

How long does it take to sell a home in Scott Township, IL?

Average Sale Time

May 2023May 2024CHANGE
5 Days61 Days+960.9%

Summary: Homes in Scott Township had an average of 61 days on market in May 2024, up by 960.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Scott Township has remained consistent over time.

Summary: During May 2024, 1 homes were sold in Scott Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Scott Township, IL

Nearby Markets to Scott Township, IL

What housing markets are near Scott Township, IL?