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 neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Burton 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 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

+$28,000(+8.0%)

Key Takeaway

Homes in Burton Township have sold for 8% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $210.5K$245K
+16.4%
3 $281K$335K
+19.2%
4 $369K$450K
+22.0%
5+ $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
+9.0%
Burton Township
+8.0%
Fox Lake
+7.3%
Randall
+4.6%
Spring Grove
-9.1%

Housing Supply in Burton Township, IL

How many homes are available in Burton Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1213+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 45
+25.0%
4 67
+16.7%
5+ 00
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 2024Mar 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burton Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
24 Days33 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

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 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.

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

Report Updated 18 Days Ago

Newest Listings in Burton Township, IL

Nearby Markets to Burton Township, IL

What housing markets are near Burton Township, IL?