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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seward Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$18,050(+5.5%)

Key Takeaway

Homes in Seward Township have sold for 5.5% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $228.5K$250K
+9.4%
3 $316K$329.9K
+4.4%
4 $399.9K$389.9K
-2.5%
5+ $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
+11.4%
Minooka
+7.6%
Na-Au-Say Township
+6.4%
Seward Township
+5.5%

Housing Supply in Seward Township, IL

How many homes are available in Seward Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2726-3.7%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1110
-9.1%
4 1011
+10.0%
5+ 22
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 2024May 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seward Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.

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 2023May 2024CHANGE
35 Days17 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 3 Days Ago

Newest Listings in Seward Township, IL

Nearby Markets to Seward Township, IL

What housing markets are near Seward Township, IL?