Is Taylor Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Taylor Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Taylor Township has remained a Seller's Market.

Key Takeaway

Taylor Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Taylor Township, IL

How much do homes in Taylor Township, IL cost?

Median Sold Price

$215,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$50,450(-19.0%)

Key Takeaway

Homes in Taylor Township have sold for 19% less than they did a year ago.

Summary: The median home sold price in Taylor Township was $215,000 in May 2024, down 19% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$94K
N/A
2 $179.9K$168K
-6.6%
3 $259K$220K
-15.1%
4 $284.9K$345K
+21.1%
5+ $550K$236K
-57.1%

Summary: Taylor 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 decreased by 6.6%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 57.1%.

Median Sold Price Compared To Nearby Cities

Oregon-Nashua Township
+10.8%
Taylor Township
-19.0%

Housing Supply in Taylor Township, IL

How many homes are available in Taylor Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
880.0%

Summary: The Taylor Township real estate market had 8 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 76
-14.3%
4 12
+100.0%
5+ 00
0.0%

Summary: The Taylor 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Taylor Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Taylor Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Taylor Township, IL

How long does it take to sell a home in Taylor Township, IL?

Average Sale Time

May 2023May 2024CHANGE
146 Days17 Days-88.0%

Summary: Homes in Taylor Township had an average of 17 days on market in May 2024, down by 88% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Taylor Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Taylor Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Taylor Township, IL

Nearby Markets to Taylor Township, IL

What housing markets are near Taylor Township, IL?