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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burton Township is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Burton Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Burton Township, IL

How much do homes in Burton Township, IL cost?

Median Sold Price

$430,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$70,000(+19.4%)

Key Takeaway

Homes in Burton Township have sold for 19.4% more than they did a year ago.

Summary: The median home sold price in Burton Township was $430,000 in October 2024, up 19.4% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$150K
N/A
2 $221K$182.5K
-17.4%
3 $310K$300K
-3.2%
4 $372.5K$487K
+30.7%
5+ $660K$423.5K
-35.8%

Summary: Burton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.4%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes decreased by 35.8%.

Median Sold Price Compared To Nearby Cities

Burton Township
+19.4%
Randall
+15.0%
Spring Grove
+13.8%
Fox Lake
+4.8%
Twin Lakes
+3.7%

Housing Supply in Burton Township, IL

How many homes are available in Burton Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1718+5.9%

Summary: The Burton Township real estate market had 18 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 53
-40.0%
4 99
0.0%
5+ 23
+50.0%

Summary: The Burton Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burton Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Burton Township in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% 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

Oct 2023Oct 2024CHANGE
4 Days24 Days+504.2%

Summary: Homes in Burton Township had an average of 24 days on market in Oct 2024, up by 504.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Burton Township, IL

Nearby Markets to Burton Township, IL

What housing markets are near Burton Township, IL?