Is Illinois Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Illinois Township has remained a Seller's Market.
Key Takeaway
Illinois Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Illinois Township, AR
How much do homes in Illinois Township, AR cost?
Median Sold Price
$143,000
$107/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Illinois Township have sold for 29.6% less than they did a month ago.
Summary: The median home sold price in Illinois Township was $143,000 in April 2024, down 29.6% from last month, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $117K | - | N/A |
| 3 Bedrooms | $165K | $130K | -21.2% |
| 4 Bedrooms | $259K | $475K | +83.4% |
| 5+ Bedrooms | $340K | - | N/A |
Summary: Illinois Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 21.2%, 4 bedroom homes increased by 83.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Valley Township | $167.4K | $550K | +228.6% |
| Russellville | $203K | $194.9K | -4.0% |
| Illinois Township | $203K | $143K | -29.6% |
Housing Supply in Illinois Township, AR
How many homes are available in Illinois Township, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Summary: The Illinois Township real estate market had 23 homes for sale in April 2024, a 17.9% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Illinois 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 decreased by 100%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Illinois Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Illinois Township in April 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Illinois Township, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.