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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vienna Township is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Vienna Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Vienna Township, IL

How much do homes in Vienna Township, IL cost?

Median Sold Price

$170,000

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$20,000(-10.5%)

Key Takeaway

Homes in Vienna Township have sold for 10.5% less than they did a year ago.

Summary: The median home sold price in Vienna Township was $170,000 in May 2024, down 10.5% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$139.9K
N/A
2 $119K$86.5K
-27.3%
3 $190K$220K
+15.8%
4 $335K$152.5K
-54.5%
5+ $291.9K$127.4K
-56.4%

Summary: Vienna 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 27.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 54.5%, and 5+ bedroom homes decreased by 56.4%.

Median Sold Price Compared To Nearby Cities

Wauponsee Township
+7.3%
Vienna Township
-10.5%

Housing Supply in Vienna Township, IL

How many homes are available in Vienna Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1720+17.6%

Summary: The Vienna Township real estate market had 20 homes for sale in May 2024, a 17.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 812
+50.0%
4 54
-20.0%
5+ 22
0.0%

Summary: The Vienna 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 increased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vienna Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Vienna Township in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Vienna Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
8 Days92 Days+1058.3%

Summary: Homes in Vienna Township had an average of 92 days on market in May 2024, up by 1058.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Vienna Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 3 homes were sold in Vienna Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 Vienna Township, IL

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