Is Chester 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, Chester Township has remained a Buyer's Market.
Key Takeaway
Chester Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chester Township, IL
How much do homes in Chester Township, IL cost?
Median Sold Price
$132,500
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chester Township have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Chester Township was $132,500 in March 2024, up 4.3% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $33.4K | N/A |
| 2 Bedrooms | $118K | $74.5K | -36.9% |
| 3 Bedrooms | $130K | $132.5K | +1.9% |
| 4 Bedrooms | $127K | $182.5K | +43.7% |
| 5+ Bedrooms | - | $600K | N/A |
Summary: Chester 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 decreased by 36.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 43.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lincoln | $99.9K | $110K | +10.1% |
| Chester Township | $127K | $132.5K | +4.3% |
| East Lincoln Township | $107.5K | $110.5K | +2.9% |
Housing Supply in Chester Township, IL
How many homes are available in Chester Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Chester Township real estate market had 16 homes for sale in March 2024, a 11.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chester Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester 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 Chester Township in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Chester Township, IL
How long does it take to sell a home in Chester Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 162 Days | 16 Days | -89.8% |
Summary: Homes in Chester Township had an average of 16 days on market in Mar 2024, down by 89.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chester Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Chester Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.