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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bonus Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Bonus Township, IL

How much do homes in Bonus Township, IL cost?

Median Sold Price

$269,900

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$16,900(+6.7%)

Key Takeaway

Homes in Bonus Township have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Bonus Township was $269,900 in May 2024, up 6.7% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $275K-
N/A
2 $147.5K$152.5K
+3.4%
3 $245K$264.9K
+8.1%
4 $280K$299.9K
+7.1%
5+ $247.9K$327.5K
+32.1%

Summary: Bonus 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 increased by 3.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 32.1%.

Median Sold Price Compared To Nearby Cities

Belvidere
+36.7%
Belvidere Township
+19.1%
Bonus Township
+6.7%
Poplar Grove
-10.5%

Housing Supply in Bonus Township, IL

How many homes are available in Bonus Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
118-27.3%

Summary: The Bonus Township real estate market had 8 homes for sale in May 2024, a 27.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 51
-80.0%
4 55
0.0%
5+ 11
0.0%

Summary: The Bonus 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 100%, 3 bedroom homes decreased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bonus 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 Bonus Township in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Bonus Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
7 Days48 Days+585.7%

Summary: Homes in Bonus Township had an average of 48 days on market in May 2024, up by 585.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 4 homes were sold in Bonus Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 1 Day Ago

Newest Listings in Bonus Township, IL

Nearby Markets to Bonus Township, IL

What housing markets are near Bonus Township, IL?