Is Ludlow 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, Ludlow Township has remained a Seller's Market.
Housing Prices in Ludlow Township, IL
How much do homes in Ludlow Township, IL cost?
Median Sold Price
$140,500
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ludlow Township was $140,500 in May 2024, up 6.2% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $87K | $119.2K | +37.1% |
3 Bedrooms | $132.2K | $140.5K | +6.2% |
4 Bedrooms | $175K | $147.5K | -15.7% |
5+ Bedrooms | - | $375K | N/A |
Summary: Ludlow 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 37.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Rantoul | $100K | $130K | +30.0% |
Rantoul Township | $100K | $130K | +30.0% |
Ludlow Township | $132.2K | $140.5K | +6.2% |
Housing Supply in Ludlow Township, IL
How many homes are available in Ludlow Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Summary: The Ludlow Township real estate market had 11 homes for sale in May 2024, a 8.3% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ludlow 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ludlow Township in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Ludlow Township, IL
How long does it take to sell a home in Ludlow Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 12 Days | +17.1% |
Summary: Homes in Ludlow Township had an average of 12 days on market in May 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Ludlow Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.