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 buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Aroma Township was a Seller's Market.

Key Takeaway

Aroma Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Aroma Township, IL

How much do homes in Aroma Township, IL cost?

Median Sold Price

$192,500

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$16,500(+9.4%)

Key Takeaway

Homes in Aroma Township have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Aroma Township was $192,500 in June 2024, up 9.4% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$45K
N/A
2 $155.4K$147K
-5.4%
3 $182.4K$207.5K
+13.7%
4 $230.5K$183.3K
-20.4%
5+ $205K$489K
+138.5%

Summary: Aroma Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 13.7%, 4 bedroom homes decreased by 20.4%, and 5+ bedroom homes increased by 138.5%.

Median Sold Price Compared To Nearby Cities

Kankakee
+22.3%
Kankakee Township
+20.6%
Aroma Township
+9.4%

Housing Supply in Aroma Township, IL

How many homes are available in Aroma Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
2420-16.7%

Summary: The Aroma Township real estate market had 20 homes for sale in June 2024, a 16.7% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 33
0.0%
3 148
-42.9%
4 56
+20.0%
5+ 12
+100.0%

Summary: The Aroma Township housing inventory by bedroom type for June 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 42.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

May 2024Jun 2024CHANGE
102-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aroma Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Aroma Township in June 2024, down by 80.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Jun 2023Jun 2024CHANGE
33 Days4 Days-86.4%

Summary: Homes in Aroma Township had an average of 4 days on market in Jun 2024, down by 86.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 2 homes were sold in Aroma Township; 100% of homes were sold within 30 days, 0% 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 19 Days Ago

Newest Listings in Aroma Township, IL

Nearby Markets to Aroma Township, IL

What housing markets are near Aroma Township, IL?