Is Central 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, Central Township has remained a Seller's Market.
Key Takeaway
Central Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Township, IL
How much do homes in Central Township, IL cost?
Median Sold Price
$136,500
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Central Township have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Central Township was $136,500 in May 2024, up 9.2% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37K | $58K | +56.8% |
| 2 Bedrooms | $77.5K | $114K | +47.1% |
| 3 Bedrooms | $150K | $140.5K | -6.3% |
| 4 Bedrooms | $160K | $172K | +7.5% |
| 5+ Bedrooms | $212K | $315K | +48.6% |
Summary: Central Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.8%, 2 bedroom homes increased by 47.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 48.6%.
Median Sold Price Compared To Nearby Cities
| Greenville | $132.3K | $145K | +9.6% |
| Central Township | $125K | $136.5K | +9.2% |
Housing Supply in Central Township, IL
How many homes are available in Central Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 33 | +22.2% |
Summary: The Central Township real estate market had 33 homes for sale in May 2024, a 22.2% 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 | 8 | +14.3% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Central 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 14.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Central Township in May 2024, up by 100.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Central Township, IL
How long does it take to sell a home in Central Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 97 Days | 71 Days | -26.4% |
Summary: Homes in Central Township had an average of 71 days on market in May 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Central Township has remained consistent over time.
Summary: During May 2024, 10 homes were sold in Central Township; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.