Is Old Town 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, Old Town Township has remained a Seller's Market.
Housing Prices in Old Town Township, IL
How much do homes in Old Town Township, IL cost?
Median Sold Price
$339,900
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Old Town Township was $339,900 in May 2024, down 20.3% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $69K | N/A |
3 Bedrooms | $407.3K | $305.5K | -25.0% |
4 Bedrooms | $420K | $379K | -9.8% |
5+ Bedrooms | $567.5K | $457.5K | -19.4% |
Summary: Old Town 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 decreased by 25%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 19.4%.
Median Sold Price Compared To Nearby Cities
Bloomington | $220K | $240.1K | +9.1% |
Bloomington City Township | $219.3K | $233K | +6.2% |
Towanda Township | $385K | $385K | 0.0% |
Old Town Township | $426.5K | $339.9K | -20.3% |
Housing Supply in Old Town Township, IL
How many homes are available in Old Town Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 31 | +34.8% |
Summary: The Old Town Township real estate market had 31 homes for sale in May 2024, a 34.8% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The Old Town 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 increased by 20%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Old Town Township in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for Old Town Township, IL
How long does it take to sell a home in Old Town Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
91 Days | 29 Days | -67.4% |
Summary: Homes in Old Town Township had an average of 29 days on market in May 2024, down by 67.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Old Town Township; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.