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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boone Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Boone Township, IL

How much do homes in Boone Township, IL cost?

Median Sold Price

$180,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$65,000(-26.5%)

Key Takeaway

Homes in Boone Township have sold for 26.5% less than they did a year ago.

Summary: The median home sold price in Boone Township was $180,000 in September 2024, down 26.5% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $199K-
N/A
2 $157.9K$146K
-7.5%
3 $250K$255K
+2.0%
4 $222K$897.4K
+304.3%
5+ $280K-
N/A

Summary: Boone Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 304.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Poplar Grove Township
+2.3%
Capron
-22.9%
Boone Township
-26.5%

Housing Supply in Boone Township, IL

How many homes are available in Boone Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
32-33.3%

Summary: The Boone Township real estate market had 2 homes for sale in September 2024, a 33.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Boone Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boone Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Boone Township in September 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Boone Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
120 Days5 Days-95.9%

Summary: Homes in Boone Township had an average of 5 days on market in Sep 2024, down by 95.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 1 homes were sold in Boone Township; 100% of homes were sold within 30 days, 0% 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 30 Days Ago

Newest Listings in Boone Township, IL

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What housing markets are near Boone Township, IL?