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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Virgil Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Virgil Township, IL

How much do homes in Virgil Township, IL cost?

Median Sold Price

$350,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$146,000(+71.6%)

Key Takeaway

Homes in Virgil Township have sold for 71.6% more than they did a year ago.

Summary: The median home sold price in Virgil Township was $350,000 in May 2024, up 71.6% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $195.2K$173.7K
-11.0%
3 $305K$265K
-13.1%
4 $200K$375K
+87.5%
5+ $380K$611.4K
+60.9%

Summary: Virgil 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 11%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes increased by 60.9%.

Median Sold Price Compared To Nearby Cities

Virgil Township
+71.6%
Maple Park
+46.7%
Maple Park
+22.9%
Lily Lake
+1.8%

Housing Supply in Virgil Township, IL

How many homes are available in Virgil Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
10100.0%

Summary: The Virgil Township real estate market had 10 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 44
0.0%
3 44
0.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Virgil 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Virgil Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Virgil Township in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Virgil Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
61 Days33 Days-44.8%

Summary: Homes in Virgil Township had an average of 33 days on market in May 2024, down by 44.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

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