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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Batavia Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Batavia Township, IL

How much do homes in Batavia Township, IL cost?

Median Sold Price

$392,257

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$27,257(+7.5%)

Key Takeaway

Homes in Batavia Township have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Batavia Township was $392,257 in March 2024, up 7.5% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $142K$100K
-29.6%
2 $285K$314.4K
+10.3%
3 $322.5K$365K
+13.2%
4 $430K$465K
+8.1%
5+ $463K$685K
+47.9%

Summary: Batavia Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.6%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 47.9%.

Median Sold Price Compared To Nearby Cities

North Aurora
+16.9%
Geneva Township
+10.2%
Batavia Township
+7.5%
Batavia
+6.7%

Housing Supply in Batavia Township, IL

How many homes are available in Batavia Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
122140+14.8%

Summary: The Batavia Township real estate market had 140 homes for sale in March 2024, a 14.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 3135
+12.9%
3 3843
+13.2%
4 4650
+8.7%
5+ 712
+71.4%

Summary: The Batavia Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 71.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3244+37.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Batavia Township, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 44 homes were sold or pending in Batavia Township in March 2024, up by 37.5% month-over-month. Of the 44 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.

Days on Market for Batavia Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
37 Days17 Days-53.9%

Summary: Homes in Batavia Township had an average of 17 days on market in Mar 2024, down by 53.9% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 44 homes were sold in Batavia Township; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% 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 18 Days Ago

Newest Listings in Batavia Township, IL

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