Is Clear Lake 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, Clear Lake Township has remained a Seller's Market.
Housing Prices in Clear Lake Township, IL
How much do homes in Clear Lake Township, IL cost?
Median Sold Price
$179,900
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Clear Lake Township was $179,900 in May 2024, up 5.8% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $166K | +315.0% |
2 Bedrooms | $88K | $87.5K | -0.6% |
3 Bedrooms | $165K | $182.4K | +10.5% |
4 Bedrooms | $204K | $202.5K | -0.7% |
5+ Bedrooms | $191.5K | $305K | +59.3% |
Summary: Clear Lake Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 315%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 59.3%.
Median Sold Price Compared To Nearby Cities
Springfield Township | $130.5K | $160K | +22.6% |
Clear Lake Township | $170K | $179.9K | +5.8% |
Riverton | $147K | $145.5K | -1.0% |
Housing Supply in Clear Lake Township, IL
How many homes are available in Clear Lake Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Summary: The Clear Lake Township real estate market had 20 homes for sale in May 2024, a 11.1% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Clear Lake 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Clear Lake Township in May 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Clear Lake Township, IL
How long does it take to sell a home in Clear Lake Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 37 Days | -26.5% |
Summary: Homes in Clear Lake Township had an average of 37 days on market in May 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Clear Lake Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.