Is Denning Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Denning Township was a Buyer's Market.
Housing Prices in Denning Township, IL
How much do homes in Denning Township, IL cost?
Median Sold Price
$94,000
$51/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Denning Township was $94,000 in May 2024, down 27.1% from last month, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $129K | $68K | -47.3% |
3 Bedrooms | $261.9K | $126K | -51.9% |
4 Bedrooms | - | $35K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Denning Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 47.3%, 3 bedroom homes decreased by 51.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Denning Township, IL
How many homes are available in Denning Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 27 | -6.9% |
Summary: The Denning Township real estate market had 27 homes for sale in May 2024, a 6.9% 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 | 8 | 5 | -37.5% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Denning 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 37.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Denning Township in May 2024, up by 200.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Denning Township, IL
How long does it take to sell a home in Denning Township, IL?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 Days | 45 Days | -20.0% |
Summary: Homes in Denning Township had an average of 45 days on market in May 2024, down by 20% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Denning Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.