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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burlington Township is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Burlington Township was a Seller's Market.

Key Takeaway

Burlington 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 Burlington Township, IL

How much do homes in Burlington Township, IL cost?

Median Sold Price

$435,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$35,000(+8.8%)

Key Takeaway

Homes in Burlington Township have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Burlington Township was $435,000 in March 2024, up 8.8% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $635K-
N/A
3 $258.5K$387.5K
+49.9%
4 $425.4K$443K
+4.1%
5+ $525K$345K
-34.3%

Summary: Burlington 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 did not change, 3 bedroom homes increased by 49.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 34.3%.

Median Sold Price Compared To Nearby Cities

Genoa Township
+19.6%
Hampshire Township
+11.8%
Burlington Township
+8.8%
Plato Township
+5.2%

Housing Supply in Burlington Township, IL

How many homes are available in Burlington Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
67+16.7%

Summary: The Burlington Township real estate market had 7 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 23
+50.0%
5+ 22
0.0%

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

Number of Homes Sold

Feb 2024Mar 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 Burlington 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 Burlington Township in March 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 Burlington Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
37 Days13 Days-65.2%

Summary: Homes in Burlington Township had an average of 13 days on market in Mar 2024, down by 65.2% 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 Burlington Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in Burlington 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 22 Days Ago

Newest Listings in Burlington Township, IL

Nearby Markets to Burlington Township, IL

What housing markets are near Burlington Township, IL?