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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Concord Township is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Concord Township was a Seller's Market.

Key Takeaway

Concord Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Concord Township, IL

How much do homes in Concord Township, IL cost?

Median Sold Price

$77,500

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$17,500(-18.4%)

Key Takeaway

Homes in Concord Township have sold for 18.4% less than they did a year ago.

Summary: The median home sold price in Concord Township was $77,500 in March 2024, down 18.4% from last year, and the median price per square foot was $69.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $73.5K$77.5K
+5.4%
3 $95K$69.2K
-27.1%
4 $178K$125K
-29.8%
5+ -$50K
N/A

Summary: Concord Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 27.1%, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes did not change.

Housing Supply in Concord Township, IL

How many homes are available in Concord Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
770.0%

Summary: The Concord Township real estate market had 7 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 44
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Concord 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Concord Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Concord Township in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Concord Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
6 Days32 Days+433.3%

Summary: Homes in Concord Township had an average of 32 days on market in Mar 2024, up by 433.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Concord Township has remained consistent over time.

Summary: During March 2024, 1 homes were sold in Concord Township; 0% of homes were sold within 30 days, 100% 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 25 Days Ago

Newest Listings in Concord Township, IL

Nearby Markets to Concord Township, IL