Is South Homer Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, South Homer Township was a Neutral Market.
Housing Prices in South Homer Township, IL
How much do homes in South Homer Township, IL cost?
Median Sold Price
$151,400
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Homer Township was $151,400 in May 2024, up 9.8% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $92.5K | $102K | +10.3% |
3 Bedrooms | $141.2K | $159.5K | +13.0% |
4 Bedrooms | $163.5K | $170K | +3.9% |
5+ Bedrooms | $152K | - | N/A |
Summary: South Homer 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 10.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes did not change.
Housing Supply in South Homer Township, IL
How many homes are available in South Homer Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Summary: The South Homer Township real estate market had 5 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Homer 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in South Homer Township in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for South Homer Township, IL
How long does it take to sell a home in South Homer Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 4 Days | -50.0% |
Summary: Homes in South Homer Township had an average of 4 days on market in May 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in South Homer Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.