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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aroma Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Aroma Township, IL

How much do homes in Aroma Township, IL cost?

Median Sold Price

$182,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$100(+0.1%)

Key Takeaway

The sold price of homes in Aroma Township has remained the same since last year.

Summary: The median home sold price in Aroma Township was $182,000 in February 2024, up 0.1% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$45K
N/A
2 $141.8K$152.5K
+7.5%
3 $181.9K$193.2K
+6.2%
4 $229K$191.3K
-16.4%
5+ $260K$489K
+88.1%

Summary: Aroma Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 88.1%.

Median Sold Price Compared To Nearby Cities

Kankakee
+31.2%
Kankakee Township
+29.1%
Aroma Park
+11.1%
Aroma Township
0.1%

Housing Supply in Aroma Township, IL

How many homes are available in Aroma Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1820+11.1%

Summary: The Aroma Township real estate market had 20 homes for sale in February 2024, a 11.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1315
+15.4%
4 44
0.0%
5+ 00
0.0%

Summary: The Aroma Township housing inventory by bedroom type for February 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 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aroma Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Aroma Township in February 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Aroma Township, IL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
109 Days29 Days-73.2%

Summary: Homes in Aroma Township had an average of 29 days on market in Feb 2024, down by 73.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Aroma Township has remained consistent over time.

Summary: During February 2024, 5 homes were sold in Aroma Township; 40% of homes were sold within 30 days, 60% 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 27 Days Ago

Newest Listings in Aroma Township, IL

Nearby Markets to Aroma Township, IL

What housing markets are near Aroma Township, IL?