Is Centreville Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Centreville Township has remained a Seller's Market.
Key Takeaway
Centreville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centreville Township, IL
How much do homes in Centreville Township, IL cost?
Median Sold Price
$51,000
$51/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Centreville Township have sold for 28.5% more than they did a year ago.
Summary: The median home sold price in Centreville Township was $51,000 in March 2024, up 28.5% from last year, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | - | N/A |
| 2 Bedrooms | $30K | $30.8K | +2.8% |
| 3 Bedrooms | $36K | $51K | +41.7% |
| 4 Bedrooms | $65.5K | $65K | -0.8% |
| 5+ Bedrooms | $73.5K | $150K | +104.1% |
Summary: Centreville 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 2.8%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 104.1%.
Housing Supply in Centreville Township, IL
How many homes are available in Centreville Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 84 | +15.1% |
Summary: The Centreville Township real estate market had 84 homes for sale in March 2024, a 15.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 42 | 50 | +19.0% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Centreville Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Centreville Township, you may be able to get a good deal. 93.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Centreville Township in March 2024, up by 33.3% month-over-month. Of the 16 sold homes, 94% were sold under asking, 0% were sold at asking, and 6% were sold over asking.
Days on Market for Centreville Township, IL
How long does it take to sell a home in Centreville Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 59 Days | -11.2% |
Summary: Homes in Centreville Township had an average of 59 days on market in Mar 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centreville Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Centreville Township; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.