Is Seward 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, Seward Township has remained a Seller's Market.
Housing Prices in Seward Township, IL
How much do homes in Seward Township, IL cost?
Median Sold Price
$348,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Seward Township was $348,000 in May 2024, up 5.5% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $228.5K | $250K | +9.4% |
3 Bedrooms | $316K | $329.9K | +4.4% |
4 Bedrooms | $399.9K | $389.9K | -2.5% |
5+ Bedrooms | $1.0M | $465K | -55.7% |
Summary: Seward 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 9.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 55.7%.
Median Sold Price Compared To Nearby Cities
Minooka | $285K | $317.5K | +11.4% |
Minooka | $297.5K | $320K | +7.6% |
Na-Au-Say Township | $349K | $371.4K | +6.4% |
Seward Township | $329.9K | $348K | +5.5% |
Housing Supply in Seward Township, IL
How many homes are available in Seward Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 26 | -3.7% |
Summary: The Seward Township real estate market had 26 homes for sale in May 2024, a 3.7% decrease 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 | 4 | 3 | -25.0% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Seward 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 25%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Seward Township in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Seward Township, IL
How long does it take to sell a home in Seward Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 17 Days | -49.4% |
Summary: Homes in Seward Township had an average of 17 days on market in May 2024, down by 49.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Seward Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.