Is Capital Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Capital Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.1K | $41.5K | -15.6% |
2 Bedrooms | $91K | $95.2K | +4.6% |
3 Bedrooms | $150.3K | $163.9K | +9.1% |
4 Bedrooms | $270K | $258K | -4.4% |
5+ Bedrooms | $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 | $126.4K | $142.5K | +12.7% |
Capital Township | $145K | $159.9K | +10.2% |
Springfield | $144.7K | $156K | +7.8% |
Woodside Township | $129K | $134.8K | +4.5% |
Housing Supply in Capital Township, IL
How many homes are available in Capital Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
247 | 263 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 68 | 80 | +17.6% |
3 Bedrooms | 119 | 118 | -0.8% |
4 Bedrooms | 36 | 42 | +16.7% |
5+ Bedrooms | 20 | 18 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
58 | 69 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
20 Days | 23 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
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.