Is Sterling 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, Sterling Township has remained a Seller's Market.
Housing Prices in Sterling Township, IL
How much do homes in Sterling Township, IL cost?
Median Sold Price
$117,875
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sterling Township was $117,875 in May 2024, up 2.9% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98.2K | $92K | -6.4% |
2 Bedrooms | $79.2K | $85K | +7.3% |
3 Bedrooms | $124.4K | $134K | +7.7% |
4 Bedrooms | $123.5K | $160K | +29.6% |
5+ Bedrooms | $80.2K | $119.9K | +49.4% |
Summary: Sterling Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 49.4%.
Median Sold Price Compared To Nearby Cities
Rock Falls | $77.2K | $108K | +39.9% |
Sterling | $108K | $117.8K | +9.1% |
Coloma Township | $84.5K | $89.9K | +6.4% |
Sterling Township | $114.6K | $117.8K | +2.9% |
Housing Supply in Sterling Township, IL
How many homes are available in Sterling Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 63 | +3.3% |
Summary: The Sterling Township real estate market had 63 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Sterling Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Sterling Township in May 2024, up by 6.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for Sterling Township, IL
How long does it take to sell a home in Sterling Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 33 Days | -24.2% |
Summary: Homes in Sterling Township had an average of 33 days on market in May 2024, down by 24.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Sterling Township; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.