Is Newport Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Newport Township has remained a Seller's Market.
Housing Prices in Newport Township, IL
How much do homes in Newport Township, IL cost?
Median Sold Price
$389,900
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newport Township was $389,900 in April 2024, up 15.4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $212.5K | $222.4K | +4.7% |
3 Bedrooms | $316.3K | $321K | +1.5% |
4 Bedrooms | $348.5K | $445K | +27.7% |
5+ Bedrooms | $525K | $742.5K | +41.4% |
Summary: Newport Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes increased by 41.4%.
Median Sold Price Compared To Nearby Cities
Zion Township | $181.5K | $217K | +19.6% |
Newport Township | $337.9K | $389.9K | +15.4% |
Wadsworth | $375K | $427.5K | +14.0% |
Beach Park | $244.9K | $247K | +0.9% |
Housing Supply in Newport Township, IL
How many homes are available in Newport Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Summary: The Newport Township real estate market had 28 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Newport Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Newport Township in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Newport Township, IL
How long does it take to sell a home in Newport Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 28 Days | +179.3% |
Summary: Homes in Newport Township had an average of 28 days on market in Apr 2024, up by 179.3% 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 April 2024, 8 homes were sold in Newport 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.