Is Troy 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, Troy Township has remained a Seller's Market.
Housing Prices in Troy Township, IL
How much do homes in Troy Township, IL cost?
Median Sold Price
$309,247
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Troy Township was $309,247 in May 2024, up 6.3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | - | N/A |
2 Bedrooms | $222K | $235K | +5.9% |
3 Bedrooms | $274.8K | $290K | +5.5% |
4 Bedrooms | $360K | $400K | +11.1% |
5+ Bedrooms | $395K | $424.9K | +7.6% |
Summary: Troy 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 5.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $205K | $247.7K | +20.8% |
Plainfield Township | $330K | $360.6K | +9.3% |
Shorewood | $325K | $347K | +6.8% |
Troy Township | $291K | $309.2K | +6.3% |
Joliet | $258.9K | $270K | +4.3% |
Housing Supply in Troy Township, IL
How many homes are available in Troy Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
220 | 268 | +21.8% |
Summary: The Troy Township real estate market had 268 homes for sale in May 2024, a 21.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 36 | 43 | +19.4% |
3 Bedrooms | 87 | 122 | +40.2% |
4 Bedrooms | 77 | 80 | +3.9% |
5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Troy Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 40.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 85 | +34.9% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Troy Township in May 2024, up by 34.9% month-over-month. Of the 85 sold homes, 27% were sold under asking, 22% were sold at asking, and 51% were sold over asking.
Days on Market for Troy Township, IL
How long does it take to sell a home in Troy Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 29 Days | -9.6% |
Summary: Homes in Troy Township had an average of 29 days on market in May 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 85 homes were sold in Troy Township; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.