Is Ottawa 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, Ottawa Township has remained a Seller's Market.
Housing Prices in Ottawa Township, IL
How much do homes in Ottawa Township, IL cost?
Median Sold Price
$171,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ottawa Township was $171,000 in April 2024, up 23.9% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $69.9K | $165K | +135.9% |
2 Bedrooms | $95K | $140.5K | +47.9% |
3 Bedrooms | $163.5K | $174K | +6.4% |
4 Bedrooms | $187.5K | $241K | +28.5% |
5+ Bedrooms | $254K | $300.2K | +18.2% |
Summary: Ottawa Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 135.9%, 2 bedroom homes increased by 47.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
Ottawa Township | $138K | $171K | +23.9% |
Ottawa | $153K | $171.7K | +12.3% |
South Ottawa Township | $165K | $182.2K | +10.5% |
Housing Supply in Ottawa Township, IL
How many homes are available in Ottawa Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 70 | +11.1% |
Summary: The Ottawa Township real estate market had 70 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 29 | 33 | +13.8% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ottawa 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 remained the same, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 15 | -6.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Ottawa Township in April 2024, down by 6.3% month-over-month. Of the 15 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.
Days on Market for Ottawa Township, IL
How long does it take to sell a home in Ottawa Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 26 Days | +62.9% |
Summary: Homes in Ottawa Township had an average of 26 days on market in Apr 2024, up by 62.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Ottawa Township; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.