Is Cuba 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, Cuba Township has remained a Seller's Market.
Housing Prices in Cuba Township, IL
How much do homes in Cuba Township, IL cost?
Median Sold Price
$480,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cuba Township was $480,000 in May 2024, up 2.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252.5K | $192.5K | -23.8% |
2 Bedrooms | $259K | $297K | +14.7% |
3 Bedrooms | $369K | $387.5K | +5.0% |
4 Bedrooms | $604.5K | $680K | +12.5% |
5+ Bedrooms | $894.9K | $910K | +1.7% |
Summary: Cuba Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
North Barrington | $720K | $925K | +28.5% |
Tower Lakes | $559.5K | $685K | +22.4% |
Cuba Township | $466.5K | $480K | +2.9% |
Lake Barrington | $409K | $410K | 0.2% |
Fox River Grove | $318.5K | $315K | -1.1% |
Housing Supply in Cuba Township, IL
How many homes are available in Cuba Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 132 | +36.1% |
Summary: The Cuba Township real estate market had 132 homes for sale in May 2024, a 36.1% 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 | 20 | 22 | +10.0% |
3 Bedrooms | 17 | 30 | +76.5% |
4 Bedrooms | 39 | 54 | +38.5% |
5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The Cuba 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 10%, 3 bedroom homes increased by 76.5%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 32 | +52.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Cuba Township in May 2024, up by 52.4% month-over-month. Of the 32 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% were sold over asking.
Days on Market for Cuba Township, IL
How long does it take to sell a home in Cuba Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 29 Days | +4.7% |
Summary: Homes in Cuba Township had an average of 29 days on market in May 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in Cuba Township; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.