Is Batavia 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, Batavia Township has remained a Seller's Market.
Housing Prices in Batavia Township, IL
How much do homes in Batavia Township, IL cost?
Median Sold Price
$404,746
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Batavia Township was $404,746 in May 2024, up 7.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $100K | N/A |
2 Bedrooms | $287.5K | $320K | +11.3% |
3 Bedrooms | $345K | $365K | +5.8% |
4 Bedrooms | $430K | $469.5K | +9.2% |
5+ Bedrooms | $475K | $607.5K | +27.9% |
Summary: Batavia 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 increased by 11.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 27.9%.
Median Sold Price Compared To Nearby Cities
North Aurora | $305K | $359.9K | +18.0% |
Geneva Township | $414.4K | $455K | +9.8% |
Batavia Township | $375.1K | $404.7K | +7.9% |
Batavia | $380K | $408.8K | +7.6% |
Housing Supply in Batavia Township, IL
How many homes are available in Batavia Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
139 | 159 | +14.4% |
Summary: The Batavia Township real estate market had 159 homes for sale in May 2024, a 14.4% 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 | 24 | 31 | +29.2% |
3 Bedrooms | 48 | 52 | +8.3% |
4 Bedrooms | 54 | 61 | +13.0% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Batavia 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 increased by 29.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 50 | +6.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Batavia Township in May 2024, up by 6.4% month-over-month. Of the 50 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.
Days on Market for Batavia Township, IL
How long does it take to sell a home in Batavia Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 14 Days | -44.9% |
Summary: Homes in Batavia Township had an average of 14 days on market in May 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 50 homes were sold in Batavia Township; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.