Is Aroma Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Aroma Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $45K | N/A |
2 Bedrooms | $141.8K | $152.5K | +7.5% |
3 Bedrooms | $181.9K | $193.2K | +6.2% |
4 Bedrooms | $229K | $191.3K | -16.4% |
5+ Bedrooms | $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 | $115.6K | $151.7K | +31.2% |
Kankakee Township | $117.5K | $151.7K | +29.1% |
Aroma Park | $135K | $150K | +11.1% |
Aroma Township | $181.9K | $182K | 0.1% |
Housing Supply in Aroma Township, IL
How many homes are available in Aroma Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 20 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 5 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
109 Days | 29 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
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.