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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Capital Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Capital Township, IL

How much do homes in Capital Township, IL cost?

Median Sold Price

$159,900

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,865(+10.2%)

Key Takeaway

Homes in Capital Township have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Capital Township was $159,900 in February 2024, up 10.2% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $49.1K$41.5K
-15.6%
2 $91K$95.2K
+4.6%
3 $150.3K$163.9K
+9.1%
4 $270K$258K
-4.4%
5+ $410.1K$441K
+7.5%

Summary: Capital Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Cities

Jerome
+12.7%
Capital Township
+10.2%
Springfield
+7.8%
Woodside Township
+4.5%

Housing Supply in Capital Township, IL

How many homes are available in Capital Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
247263+6.5%

Summary: The Capital Township real estate market had 263 homes for sale in February 2024, a 6.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 45
+25.0%
2 6880
+17.6%
3 119118
-0.8%
4 3642
+16.7%
5+ 2018
-10.0%

Summary: The Capital Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5869+19.0%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Capital Township, you may be able to get a good deal. 59.4% of homes here sold below asking price last month.

Summary: A total of 69 homes were sold or pending in Capital Township in February 2024, up by 19.0% month-over-month. Of the 69 sold homes, 59% were sold under asking, 16% were sold at asking, and 25% were sold over asking.

Days on Market for Capital Township, IL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
20 Days23 Days+11.2%

Summary: Homes in Capital Township had an average of 23 days on market in Feb 2024, up by 11.2% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 69 homes were sold in Capital Township; 71% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% 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 27 Days Ago

Newest Listings in Capital Township, IL

Nearby Markets to Capital Township, IL

What housing markets are near Capital Township, IL?