Is Virden 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, Virden Township has remained a Seller's Market.
Key Takeaway
Virden Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Virden Township, IL
How much do homes in Virden Township, IL cost?
Median Sold Price
$92,500
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Virden Township have sold for 11.9% less than they did a year ago.
Summary: The median home sold price in Virden Township was $92,500 in May 2024, down 11.9% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $28K | $80K | +185.7% |
| 2 Bedrooms | $79.9K | $77.6K | -2.8% |
| 3 Bedrooms | $125K | $99K | -20.8% |
| 4 Bedrooms | $183K | $185K | +1.1% |
| 5+ Bedrooms | - | $195K | N/A |
Summary: Virden Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 185.7%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Girard Township | $89K | $174K | +95.5% |
| Auburn Township | $136.9K | $143K | +4.5% |
| Virden Township | $105K | $92.5K | -11.9% |
| Virden | $105K | $92.5K | -11.9% |
Housing Supply in Virden Township, IL
How many homes are available in Virden Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Virden Township real estate market had 21 homes for sale in May 2024, a 4.5% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Virden 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 decreased by 16.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Virden Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Virden Township in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Virden Township, IL
How long does it take to sell a home in Virden Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 47 Days | +1491.7% |
Summary: Homes in Virden Township had an average of 47 days on market in May 2024, up by 1491.7% 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 Virden Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Virden 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.