Is Clear Lake Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clear Lake Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Clear Lake Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Clear Lake Township, IL

How much do homes in Clear Lake Township, IL cost?

Median Sold Price

$195,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$6,000(+3.2%)

Key Takeaway

Homes in Clear Lake Township have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Clear Lake Township was $195,000 in September 2024, up 3.2% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $166K$95K
-42.8%
2 $79.2K$139.9K
+76.5%
3 $199.9K$191.9K
-4.0%
4 $203.2K$220K
+8.2%
5+ $193K$357.5K
+85.2%

Summary: Clear Lake Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.8%, 2 bedroom homes increased by 76.5%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 85.2%.

Median Sold Price Compared To Nearby Cities

Springfield Township
+10.1%
Clear Lake Township
+3.2%
Riverton
+2.0%

Housing Supply in Clear Lake Township, IL

How many homes are available in Clear Lake Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2624-7.7%

Summary: The Clear Lake Township real estate market had 24 homes for sale in September 2024, a 7.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 1818
0.0%
4 12
+100.0%
5+ 43
-25.0%

Summary: The Clear Lake Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clear Lake 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 Clear Lake Township in September 2024, down by 20.0% 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 Clear Lake Township, IL

How long does it take to sell a home in Clear Lake Township, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days23 Days+50.8%

Summary: Homes in Clear Lake Township had an average of 23 days on market in Sep 2024, up by 50.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 8 homes were sold in Clear Lake Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 30 Days Ago

Newest Listings in Clear Lake Township, IL

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What housing markets are near Clear Lake Township, IL?