Is Saratoga 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, Saratoga Township has remained a Seller's Market.
Housing Prices in Saratoga Township, IL
How much do homes in Saratoga Township, IL cost?
Median Sold Price
$277,250
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saratoga Township was $277,250 in May 2024, up 0.9% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $105K | N/A |
2 Bedrooms | $248K | $215K | -13.3% |
3 Bedrooms | $269K | $275K | +2.2% |
4 Bedrooms | $371.5K | $365K | -1.7% |
5+ Bedrooms | $445K | $420K | -5.6% |
Summary: Saratoga 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 decreased by 13.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Aux Sable Township | $302.7K | $340.2K | +12.4% |
Morris Township | $250K | $254K | +1.6% |
Morris | $252.5K | $255.1K | +1.1% |
Saratoga Township | $274.9K | $277.2K | +0.9% |
Housing Supply in Saratoga Township, IL
How many homes are available in Saratoga Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Summary: The Saratoga Township real estate market had 20 homes for sale in May 2024, a 17.6% 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 | 7 | 4 | -42.9% |
3 Bedrooms | 5 | 10 | +100.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Saratoga 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 42.9%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Saratoga Township in May 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Saratoga Township, IL
How long does it take to sell a home in Saratoga Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 17 Days | -30.1% |
Summary: Homes in Saratoga Township had an average of 17 days on market in May 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Saratoga Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.