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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blue Ridge Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Blue Ridge Township, IL

How much do homes in Blue Ridge Township, IL cost?

Median Sold Price

$175,750

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$19,250(-9.9%)

Key Takeaway

Homes in Blue Ridge Township have sold for 9.9% less than they did a year ago.

Summary: The median home sold price in Blue Ridge Township was $175,750 in March 2024, down 9.9% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$38.5K
N/A
2 $52K$115K
+121.2%
3 $195K$211K
+8.2%
4 $215K$214.8K
-0.1%
5+ $287K$95K
-66.9%

Summary: Blue Ridge Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 121.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 66.9%.

Median Sold Price Compared To Nearby Cities

Mansfield
+14.8%
Santa Anna Township
+13.7%
Mahomet Township
+10.6%
Blue Ridge Township
-9.9%

Housing Supply in Blue Ridge Township, IL

How many homes are available in Blue Ridge Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
610+66.7%

Summary: The Blue Ridge Township real estate market had 10 homes for sale in March 2024, a 66.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 46
+50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Blue Ridge 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 200%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blue Ridge Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Blue Ridge Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Blue Ridge Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
21 Days45 Days+110.6%

Summary: Homes in Blue Ridge Township had an average of 45 days on market in Mar 2024, up by 110.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Blue Ridge Township; 50% of homes were sold within 30 days, 50% 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 24 Days Ago

Newest Listings in Blue Ridge Township, IL

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