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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blackberry Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Blackberry Township, IL

How much do homes in Blackberry Township, IL cost?

Median Sold Price

$462,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$23,733(+5.4%)

Key Takeaway

Homes in Blackberry Township have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Blackberry Township was $462,000 in March 2024, up 5.4% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $120K$219.9K
+83.3%
2 $287K$310K
+8.0%
3 $385K$405K
+5.2%
4 $470K$490K
+4.3%
5+ $510.5K$555K
+8.7%

Summary: Blackberry Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 8.7%.

Median Sold Price Compared To Nearby Cities

North Aurora
+16.9%
Geneva
+11.1%
Campton Township
+9.4%
Blackberry Township
+5.4%
Elburn
+5.1%

Housing Supply in Blackberry Township, IL

How many homes are available in Blackberry Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6981+17.4%

Summary: The Blackberry Township real estate market had 81 homes for sale in March 2024, a 17.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 3336
+9.1%
4 2530
+20.0%
5+ 811
+37.5%

Summary: The Blackberry 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 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1025+150.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blackberry Township, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Blackberry Township in March 2024, up by 150.0% month-over-month. Of the 25 sold homes, 56% were sold under asking, 20% were sold at asking, and 24% were sold over asking.

Days on Market for Blackberry Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
16 Days40 Days+148.6%

Summary: Homes in Blackberry Township had an average of 40 days on market in Mar 2024, up by 148.6% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 25 homes were sold in Blackberry Township; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% 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 22 Days Ago

Newest Listings in Blackberry Township, IL

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