Is Burton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Burton Township was a Seller's Market.
Housing Prices in Burton Township, IL
How much do homes in Burton Township, IL cost?
Median Sold Price
$378,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Burton Township was $378,000 in March 2024, up 8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $210.5K | $245K | +16.4% |
3 Bedrooms | $281K | $335K | +19.2% |
4 Bedrooms | $369K | $450K | +22.0% |
5+ Bedrooms | $485K | $575K | +18.6% |
Summary: Burton 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 16.4%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
Twin Lakes | $335K | $365K | +9.0% |
Burton Township | $350K | $378K | +8.0% |
Fox Lake | $210K | $225.2K | +7.3% |
Randall | $430K | $449.9K | +4.6% |
Spring Grove | $412.5K | $375K | -9.1% |
Housing Supply in Burton Township, IL
How many homes are available in Burton Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Summary: The Burton Township real estate market had 13 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burton 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 decreased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Burton Township in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Burton Township, IL
How long does it take to sell a home in Burton Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 33 Days | +36.1% |
Summary: Homes in Burton Township had an average of 33 days on market in Mar 2024, up by 36.1% 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
Summary: During March 2024, 2 homes were sold in Burton 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.