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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sangamon Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Sangamon Township was a Seller's Market.

Key Takeaway

Sangamon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sangamon Township, IL

How much do homes in Sangamon Township, IL cost?

Median Sold Price

$375,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,000(+4.2%)

Key Takeaway

Homes in Sangamon Township have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Sangamon Township was $375,000 in May 2024, up 4.2% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $89.9K$392.4K
+336.5%
3 $350K$363K
+3.7%
4 $370.4K$389.9K
+5.2%
5+ $900K$365K
-59.4%

Summary: Sangamon 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 336.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 59.4%.

Median Sold Price Compared To Nearby Cities

Monticello Township
+41.7%
Monticello
+41.0%
Sangamon Township
+4.2%

Housing Supply in Sangamon Township, IL

How many homes are available in Sangamon Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1415+7.1%

Summary: The Sangamon Township real estate market had 15 homes for sale in May 2024, a 7.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 66
0.0%
4 77
0.0%
5+ 00
0.0%

Summary: The Sangamon 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sangamon Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Sangamon Township in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Sangamon Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
67 Days134 Days+100.7%

Summary: Homes in Sangamon Township had an average of 134 days on market in May 2024, up by 100.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 2 homes were sold in Sangamon Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 Sangamon Township, IL

Nearby Markets to Sangamon Township, IL

What housing markets are near Sangamon Township, IL?