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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coloma Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Coloma Township, IL

How much do homes in Coloma Township, IL cost?

Median Sold Price

$84,750

$82/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$2,500(-2.9%)

Key Takeaway

Homes in Coloma Township have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in Coloma Township was $84,750 in March 2024, down 2.9% from last year, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $40K$55K
+37.5%
2 $60K$67K
+11.7%
3 $115.5K$99.8K
-13.6%
4 $110K$115K
+4.5%
5+ $99K$136.3K
+37.7%

Summary: Coloma Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 37.7%.

Median Sold Price Compared To Nearby Cities

Rock Falls
+17.5%
Sterling
+15.4%
Sterling Township
+10.8%
Coloma Township
-2.9%

Housing Supply in Coloma Township, IL

How many homes are available in Coloma Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2131+47.6%

Summary: The Coloma Township real estate market had 31 homes for sale in March 2024, a 47.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 815
+87.5%
3 1013
+30.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Coloma 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 increased by 87.5%, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
410+150.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coloma Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Coloma Township in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.

Days on Market for Coloma Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
36 Days24 Days-34.2%

Summary: Homes in Coloma Township had an average of 24 days on market in Mar 2024, down by 34.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 10 homes were sold in Coloma Township; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in Coloma Township, IL

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