Is Cincinnati Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cincinnati Township has remained a Seller's Market.
Housing Prices in Cincinnati Township, IL
How much do homes in Cincinnati Township, IL cost?
Median Sold Price
$157,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cincinnati Township was $157,000 in April 2024, down 8.7% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $22K | $72.4K | +229.3% |
2 Bedrooms | $82.4K | $92.4K | +12.1% |
3 Bedrooms | $163.2K | $166.2K | +1.8% |
4 Bedrooms | $218.4K | $237K | +8.5% |
5+ Bedrooms | $269.9K | $255K | -5.5% |
Summary: Cincinnati Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 229.3%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
Pekin Township | $99K | $124K | +25.3% |
Pekin | $110K | $125K | +13.6% |
Elm Grove Township | $196.2K | $220K | +12.1% |
Cincinnati Township | $172K | $157K | -8.7% |
Housing Supply in Cincinnati Township, IL
How many homes are available in Cincinnati Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 21 | +16.7% |
Summary: The Cincinnati Township real estate market had 21 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 12 | +71.4% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Cincinnati Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 71.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Cincinnati Township in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 23 Days | +2.2% |
Summary: Homes in Cincinnati Township had an average of 23 days on market in Apr 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Cincinnati Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.