$3,264 Closing Credit*
$274,900
1,833 SqFt
3 Beds
•2 Full Baths
Steffi Tanner, Listing Office: The Real Estate Group Inc.
Is Cincinnati Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Cincinnati Township has remained a Seller's Market.
Key Takeaway
Cincinnati Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cincinnati Township, IL
How much do homes in Cincinnati Township, IL cost?
Median Sold Price
$180,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$15,500(+9.4%)
Key Takeaway
Homes in Cincinnati Township have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Cincinnati Township was $180,000 in September 2024, up 9.4% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $84.9K | +41.5% |
| 2 Bedrooms | $93.8K | $88.2K | -5.9% |
| 3 Bedrooms | $148K | $185K | +25.0% |
| 4 Bedrooms | $223.5K | $214K | -4.3% |
| 5+ Bedrooms | $292K | $255K | -12.7% |
Summary: Cincinnati Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.5%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Cities
| Elm Grove Township | $202K | $234.5K | +16.1% |
| Cincinnati Township | $164.5K | $180K | +9.4% |
| Pekin Township | $114.4K | $125K | +9.2% |
| Pekin | $120K | $125K | +4.2% |
Housing Supply in Cincinnati Township, IL
How many homes are available in Cincinnati Township, IL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Cincinnati Township real estate market had 18 homes for sale in September 2024, a 10.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Cincinnati Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cincinnati Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Cincinnati Township in September 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Cincinnati Township, IL
How long does it take to sell a home in Cincinnati Township, IL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 58 Days | 28 Days | -51.4% |
Summary: Homes in Cincinnati Township had an average of 28 days on market in Sep 2024, down by 51.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cincinnati Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in Cincinnati Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.