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 September 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

$165,488

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,560(+6.8%)

Key Takeaway

Homes in Capital Township have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Capital Township was $165,488 in September 2024, up 6.8% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $48K$41.5K
-13.5%
2 $92.8K$103.1K
+11.1%
3 $160.1K$174.9K
+9.3%
4 $260K$285K
+9.6%
5+ $417.4K$492.4K
+18.0%

Summary: Capital Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 18%.

Median Sold Price Compared To Nearby Cities

Woodside Township
+16.0%
Southern View
+13.7%
Springfield
+10.3%
Jerome
+7.0%
Capital Township
+6.8%

Housing Supply in Capital Township, IL

How many homes are available in Capital Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
403368-8.7%

Summary: The Capital Township real estate market had 368 homes for sale in September 2024, a 8.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 46
+50.0%
2 9783
-14.4%
3 182161
-11.5%
4 9187
-4.4%
5+ 2931
+6.9%

Summary: The Capital Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 6.9%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
132130-1.5%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

36 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. 43.1% of homes here sold below asking price last month.

Summary: A total of 130 homes were sold or pending in Capital Township in September 2024, down by 1.5% month-over-month. Of the 130 sold homes, 43% were sold under asking, 29% were sold at asking, and 28% 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

Sep 2023Sep 2024CHANGE
13 Days17 Days+23.0%

Summary: Homes in Capital Township had an average of 17 days on market in Sep 2024, up by 23% compared to last year.

Breakdown of Home Sale Times

113 Homes Were Sold
Under 30 Days

12 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 September 2024, 130 homes were sold in Capital Township; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% 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 30 Days Ago

Newest Listings in Capital Township, IL

Nearby Markets to Capital Township, IL

What housing markets are near Capital Township, IL?