Is Ball Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ball Township was a Seller's Market.
Key Takeaway
Ball Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ball Township, IL
How much do homes in Ball Township, IL cost?
Median Sold Price
$350,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ball Township have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Ball Township was $350,000 in April 2024, up 12.8% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179K | $475K | +165.4% |
| 3 Bedrooms | $252.5K | $280.5K | +11.1% |
| 4 Bedrooms | $360K | $415K | +15.3% |
| 5+ Bedrooms | $386.8K | $417.5K | +7.9% |
Summary: Ball Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 165.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Chatham | $252.5K | $285K | +12.9% |
| Ball Township | $310.2K | $350K | +12.8% |
| Woodside Township | $129K | $137K | +6.2% |
Housing Supply in Ball Township, IL
How many homes are available in Ball Township, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Summary: The Ball Township real estate market had 24 homes for sale in April 2024, a 33.3% increase 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 | 1 | 0.0% |
| 3 Bedrooms | 6 | 13 | +116.7% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Ball 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 remained the same, 3 bedroom homes increased by 116.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ball Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Ball Township in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Ball Township, IL
How long does it take to sell a home in Ball Township, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 156 Days | +166.7% |
Summary: Homes in Ball Township had an average of 156 days on market in Apr 2024, up by 166.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ball Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Ball Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.