Is Shiloh 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, Shiloh Township has remained a Seller's Market.
Key Takeaway
Shiloh Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shiloh Township, IL
How much do homes in Shiloh Township, IL cost?
Median Sold Price
$161,500
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shiloh Township have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Shiloh Township was $161,500 in May 2024, up 13.2% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $102.7K | $78K | -24.1% |
| 3 Bedrooms | $129.2K | $154K | +19.1% |
| 4 Bedrooms | $179.9K | $190K | +5.6% |
| 5+ Bedrooms | $168.7K | $294.9K | +74.8% |
Summary: Shiloh 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 decreased by 24.1%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 74.8%.
Median Sold Price Compared To Nearby Cities
| Mount Vernon | $110K | $140K | +27.3% |
| Mount Vernon Township | $110K | $140K | +27.3% |
| Shiloh Township | $142.7K | $161.5K | +13.2% |
Housing Supply in Shiloh Township, IL
How many homes are available in Shiloh Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Summary: The Shiloh Township real estate market had 22 homes for sale in May 2024, a 18.5% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 12 | -25.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Shiloh 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shiloh Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Shiloh Township in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Shiloh Township, IL
How long does it take to sell a home in Shiloh Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 43 Days | -4.8% |
Summary: Homes in Shiloh Township had an average of 43 days on market in May 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shiloh Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Shiloh Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.