Is Coloma 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, Coloma Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $55K | +37.5% |
2 Bedrooms | $60K | $67K | +11.7% |
3 Bedrooms | $115.5K | $99.8K | -13.6% |
4 Bedrooms | $110K | $115K | +4.5% |
5+ Bedrooms | $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 | $80.4K | $94.5K | +17.5% |
Sterling | $104K | $120K | +15.4% |
Sterling Township | $108.2K | $119.9K | +10.8% |
Coloma Township | $87.2K | $84.7K | -2.9% |
Housing Supply in Coloma Township, IL
How many homes are available in Coloma Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 31 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 15 | +87.5% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 10 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 24 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
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.