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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Caledonia Township is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Caledonia Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Caledonia Township, IL

How much do homes in Caledonia Township, IL cost?

Median Sold Price

$255,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,000(+13.3%)

Key Takeaway

Homes in Caledonia Township have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Caledonia Township was $255,000 in May 2024, up 13.3% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $189.9K$165K
-13.1%
3 $210K$230K
+9.5%
4 $245K$330K
+34.7%
5+ $290.6K$442.5K
+52.3%

Summary: Caledonia 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 13.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 34.7%, and 5+ bedroom homes increased by 52.3%.

Median Sold Price Compared To Nearby Cities

Caledonia Township
+13.3%
Poplar Grove Township
-4.2%
Poplar Grove
-10.5%

Housing Supply in Caledonia Township, IL

How many homes are available in Caledonia Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2122+4.8%

Summary: The Caledonia Township real estate market had 22 homes for sale in May 2024, a 4.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1315
+15.4%
4 64
-33.3%
5+ 23
+50.0%

Summary: The Caledonia 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 remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

3 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 Caledonia Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Caledonia Township in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Caledonia Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
8 Days32 Days+308.9%

Summary: Homes in Caledonia Township had an average of 32 days on market in May 2024, up by 308.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Caledonia Township has remained consistent over time.

Summary: During May 2024, 7 homes were sold in Caledonia Township; 43% of homes were sold within 30 days, 57% 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 1 Day Ago

Newest Listings in Caledonia Township, IL

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