Is Clear Lake 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, Clear Lake Township has remained a Seller's Market.
Housing Prices in Clear Lake Township, IL
How much do homes in Clear Lake Township, IL cost?
Median Sold Price
$184,950
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Clear Lake Township was $184,950 in March 2024, up 7.5% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $166K | +315.0% |
2 Bedrooms | $102.5K | $87.5K | -14.6% |
3 Bedrooms | $165K | $195K | +18.2% |
4 Bedrooms | $205.2K | $190.5K | -7.2% |
5+ Bedrooms | $227.5K | $285K | +25.3% |
Summary: Clear Lake Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 315%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
Springfield Township | $120K | $155.5K | +29.6% |
Clear Lake Township | $172K | $184.9K | +7.5% |
Riverton | $144.9K | $145K | 0.1% |
Housing Supply in Clear Lake Township, IL
How many homes are available in Clear Lake Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Summary: The Clear Lake Township real estate market had 22 homes for sale in March 2024, a 15.8% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Clear Lake 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Clear Lake Township in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Clear Lake Township, IL
How long does it take to sell a home in Clear Lake Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 11 Days | -62.7% |
Summary: Homes in Clear Lake Township had an average of 11 days on market in Mar 2024, down by 62.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Clear Lake Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.