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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shields Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Shields Township has remained a Seller's Market.

Key Takeaway

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

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

+$87,916(+16.1%)

Key Takeaway

Homes in Shields Township have sold for 16.1% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $98.4K$128K
+30.0%
2 $340K$370K
+8.8%
3 $400K$565K
+41.3%
4 $907.5K$815K
-10.2%
5+ $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
+16.1%
North Chicago
+7.4%
Lake Bluff
+0.8%
Green Oaks
-0.1%

Housing Supply in Shields Township, IL

How many homes are available in Shields Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
103110+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

# BEDSApr 2024May 2024CHANGE
1 56
+20.0%
2 1916
-15.8%
3 2025
+25.0%
4 3233
+3.1%
5+ 2730
+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 2024May 2024CHANGE
2028+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shields Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023May 2024CHANGE
24 Days26 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Shields Township, IL

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