Is Aroma Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aroma Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Aroma Township has remained a Seller's Market.

Key Takeaway

Aroma Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Aroma Township, IL

How much do homes in Aroma Township, IL cost?

Median Sold Price

$190,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$13,500(+7.6%)

Key Takeaway

Homes in Aroma Township have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Aroma Township was $190,000 in April 2024, up 7.6% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$45K
N/A
2 $154.6K$140K
-9.5%
3 $179.4K$213.2K
+18.8%
4 $227.5K$189K
-16.9%
5+ $205K$489K
+138.5%

Summary: Aroma Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes increased by 138.5%.

Median Sold Price Compared To Nearby Cities

Kankakee
+27.7%
Kankakee Township
+24.2%
Aroma Township
+7.6%

Housing Supply in Aroma Township, IL

How many homes are available in Aroma Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1819+5.6%

Summary: The Aroma Township real estate market had 19 homes for sale in April 2024, a 5.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1111
0.0%
4 55
0.0%
5+ 01
+100.0%

Summary: The Aroma Township housing inventory by bedroom type for April 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 increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aroma Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Aroma Township in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Aroma Township, IL

How long does it take to sell a home in Aroma Township, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
50 Days13 Days-73.5%

Summary: Homes in Aroma Township had an average of 13 days on market in Apr 2024, down by 73.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Aroma Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in Aroma 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Apr 1, 2024

Newest Listings in Aroma Township, IL

Nearby Markets to Aroma Township, IL

What housing markets are near Aroma Township, IL?