Is South Moline 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, South Moline Township has remained a Seller's Market.
Housing Prices in South Moline Township, IL
How much do homes in South Moline Township, IL cost?
Median Sold Price
$165,166
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Moline Township was $165,166 in May 2024, up 10.2% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $62.5K | +13.6% |
2 Bedrooms | $107.5K | $121.2K | +12.8% |
3 Bedrooms | $155K | $175K | +12.9% |
4 Bedrooms | $225.5K | $213.5K | -5.3% |
5+ Bedrooms | $324.7K | $325K | 0.1% |
Summary: South Moline Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
Riverdale | $330K | $591K | +79.1% |
Coal Valley Township | $191K | $245.5K | +28.5% |
Moline Township | $133K | $150K | +12.8% |
South Moline Township | $149.8K | $165.1K | +10.2% |
Moline | $140K | $150K | +7.1% |
Housing Supply in South Moline Township, IL
How many homes are available in South Moline Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
93 | 101 | +8.6% |
Summary: The South Moline Township real estate market had 101 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 27 | 33 | +22.2% |
3 Bedrooms | 39 | 38 | -2.6% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The South Moline 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 increased by 22.2%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 34 | +17.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in South Moline Township in May 2024, up by 17.2% month-over-month. Of the 34 sold homes, 44% were sold under asking, 9% were sold at asking, and 47% were sold over asking.
Days on Market for South Moline Township, IL
How long does it take to sell a home in South Moline Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 36 Days | +87.2% |
Summary: Homes in South Moline Township had an average of 36 days on market in May 2024, up by 87.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in South Moline Township; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.