Is Marissa Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Marissa Township has remained a Seller's Market.
Key Takeaway
Marissa Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marissa Township, IL
How much do homes in Marissa Township, IL cost?
Median Sold Price
$77,000
$59/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Marissa Township have sold for 64% less than they did a month ago.
Summary: The median home sold price in Marissa Township was $77,000 in May 2024, down 64% from last month, and the median price per square foot was $59.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $65.5K | - | N/A |
| 3 Bedrooms | $118.4K | $77K | -35.0% |
| 4 Bedrooms | $214K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Marissa Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 35%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Marissa Township | $214K | $77K | -64.0% |
| Marissa | $214K | $77K | -64.0% |
Housing Supply in Marissa Township, IL
How many homes are available in Marissa Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Marissa Township real estate market had 11 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 5 | +400.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marissa 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 400%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marissa Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Marissa Township in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marissa Township, IL
How long does it take to sell a home in Marissa Township, IL?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 186 Days | 74 Days | -60.0% |
Summary: Homes in Marissa Township had an average of 74 days on market in May 2024, down by 60% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marissa Township has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Marissa Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.