Is Shields 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, Shields Township has remained a Seller's Market.
Housing Prices in Shields Township, IL
How much do homes in Shields Township, IL cost?
Median Sold Price
$634,166
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shields Township was $634,166 in May 2024, up 16.1% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98.4K | $128K | +30.0% |
2 Bedrooms | $340K | $370K | +8.8% |
3 Bedrooms | $400K | $565K | +41.3% |
4 Bedrooms | $907.5K | $815K | -10.2% |
5+ Bedrooms | $2.0M | $1.6M | -20.0% |
Summary: Shields Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 41.3%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
Shields Township | $546.2K | $634.1K | +16.1% |
North Chicago | $170K | $182.5K | +7.4% |
Lake Bluff | $625K | $630K | +0.8% |
Green Oaks | $725.9K | $725K | -0.1% |
Housing Supply in Shields Township, IL
How many homes are available in Shields Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 110 | +6.8% |
Summary: The Shields Township real estate market had 110 homes for sale in May 2024, a 6.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 19 | 16 | -15.8% |
3 Bedrooms | 20 | 25 | +25.0% |
4 Bedrooms | 32 | 33 | +3.1% |
5+ Bedrooms | 27 | 30 | +11.1% |
Summary: The Shields Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 28 | +40.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Shields Township in May 2024, up by 40.0% month-over-month. Of the 28 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for Shields Township, IL
How long does it take to sell a home in Shields Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 26 Days | +10.6% |
Summary: Homes in Shields Township had an average of 26 days on market in May 2024, up by 10.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Shields Township; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.