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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cerro Gordo Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Cerro Gordo Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cerro Gordo Township, IL

How much do homes in Cerro Gordo Township, IL cost?

Median Sold Price

$127,250

$75/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

+$39,250(+44.6%)

Key Takeaway

Homes in Cerro Gordo Township have sold for 44.6% more than they did a month ago.

Summary: The median home sold price in Cerro Gordo Township was $127,250 in June 2024, up 44.6% from last month, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 --
N/A
3 -$140K
N/A
4 $88K$114.5K
+30.1%
5+ --
N/A

Summary: Cerro Gordo Township housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cerro Gordo Township
+44.6%
Cerro Gordo
+44.6%

Housing Supply in Cerro Gordo Township, IL

How many homes are available in Cerro Gordo Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
42-50.0%

Summary: The Cerro Gordo Township real estate market had 2 homes for sale in June 2024, a 50.0% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 31
-66.7%
5+ 00
0.0%

Summary: The Cerro Gordo Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cerro Gordo Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Cerro Gordo Township in June 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Cerro Gordo Township, IL

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

Average Sale Time

May 2024Jun 2024CHANGE
24 Days106 Days+341.7%

Summary: Homes in Cerro Gordo Township had an average of 106 days on market in Jun 2024, up by 341.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 2 homes were sold in Cerro Gordo Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 Cerro Gordo Township, IL

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