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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Caledonia Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Caledonia Township, IL

How much do homes in Caledonia Township, IL cost?

Median Sold Price

$250,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$30,000(+13.6%)

Key Takeaway

Homes in Caledonia Township have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Caledonia Township was $250,000 in March 2024, up 13.6% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $189.9K$165K
-13.1%
3 $202.5K$240K
+18.5%
4 $254.9K$280K
+9.8%
5+ $235K$387.5K
+64.9%

Summary: Caledonia 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 decreased by 13.1%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 64.9%.

Median Sold Price Compared To Nearby Cities

Caledonia Township
+13.6%
Poplar Grove Township
+11.8%
Poplar Grove
-11.5%

Housing Supply in Caledonia Township, IL

How many homes are available in Caledonia Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
16160.0%

Summary: The Caledonia Township real estate market had 16 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 78
+14.3%
4 85
-37.5%
5+ 02
+100.0%

Summary: The Caledonia 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 increased by 14.3%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Caledonia Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Caledonia Township in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Caledonia Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
17 Days30 Days+75.8%

Summary: Homes in Caledonia Township had an average of 30 days on market in Mar 2024, up by 75.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 Caledonia Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 4 homes were sold in Caledonia Township; 50% of homes were sold within 30 days, 25% 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 26 Days Ago

Newest Listings in Caledonia Township, IL

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