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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Compromise Township is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Compromise Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Compromise Township, IL

How much do homes in Compromise Township, IL cost?

Median Sold Price

$166,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$11,750(-6.6%)

Key Takeaway

Homes in Compromise Township have sold for 6.6% less than they did a year ago.

Summary: The median home sold price in Compromise Township was $166,000 in November 2024, down 6.6% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$48K
N/A
2 $108K$110.5K
+2.3%
3 $177.7K$173.4K
-2.4%
4 $235K$165K
-29.8%
5+ $259K-
N/A

Summary: Compromise Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Gifford
-2.8%
Compromise Township
-6.6%

Housing Supply in Compromise Township, IL

How many homes are available in Compromise Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
330.0%

Summary: The Compromise Township real estate market had 3 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Compromise Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Compromise Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Compromise Township in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Compromise Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days8 Days-76.5%

Summary: Homes in Compromise Township had an average of 8 days on market in Nov 2024, down by 76.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Compromise Township; 100% of homes were sold within 30 days, 0% 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 13 Days Ago

Newest Listings in Compromise Township, IL

Nearby Markets to Compromise Township, IL