Is Washington 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, Washington Township has remained a Seller's Market.
Housing Prices in Washington Township, IL
How much do homes in Washington Township, IL cost?
Median Sold Price
$227,083
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Washington Township was $227,083 in May 2024, down 6.6% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.8K | $630K | +389.1% |
2 Bedrooms | $162.5K | $145K | -10.8% |
3 Bedrooms | $235K | $185K | -21.3% |
4 Bedrooms | $299.5K | $287.2K | -4.1% |
5+ Bedrooms | $389K | $400K | +2.8% |
Summary: Washington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 389.1%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 21.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
Crete Township | $215K | $242.5K | +12.8% |
Beecher | $275K | $285K | +3.6% |
Washington Township | $243K | $227K | -6.6% |
Housing Supply in Washington Township, IL
How many homes are available in Washington Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
96 | 98 | +2.1% |
Summary: The Washington Township real estate market had 98 homes for sale in May 2024, a 2.1% 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 | 11 | 5 | -54.5% |
3 Bedrooms | 42 | 48 | +14.3% |
4 Bedrooms | 31 | 29 | -6.5% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Washington 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 54.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Washington Township in May 2024, down by 3.4% month-over-month. Of the 28 sold homes, 50% were sold under asking, 11% were sold at asking, and 39% were sold over asking.
Days on Market for Washington Township, IL
How long does it take to sell a home in Washington Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 20 Days | -62.1% |
Summary: Homes in Washington Township had an average of 20 days on market in May 2024, down by 62.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Washington Township; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.