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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coral Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Coral Township, IL

How much do homes in Coral Township, IL cost?

Median Sold Price

$415,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$15,000(-3.5%)

Key Takeaway

Homes in Coral Township have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Coral Township was $415,000 in March 2024, down 3.5% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $437.5K$403.9K
-7.7%
3 $392.2K$380K
-3.1%
4 $429.7K$450K
+4.7%
5+ $499.9K$1.2M
+140.0%

Summary: Coral 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 decreased by 7.7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 140%.

Median Sold Price Compared To Nearby Cities

Marengo
+32.8%
Huntley
+1.4%
Coral Township
-3.5%
Seneca Township
-6.5%

Housing Supply in Coral Township, IL

How many homes are available in Coral Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
89+12.5%

Summary: The Coral Township real estate market had 9 homes for sale in March 2024, a 12.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 23
+50.0%
4 32
-33.3%
5+ 12
+100.0%

Summary: The Coral 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were 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 Coral Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Coral Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Coral Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
11 Days45 Days+309.1%

Summary: Homes in Coral Township had an average of 45 days on market in Mar 2024, up by 309.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were 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 Coral Township has remained consistent over time.

Summary: During March 2024, 2 homes were sold in Coral 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 19 Days Ago

Newest Listings in Coral Township, IL

Nearby Markets to Coral Township, IL

What housing markets are near Coral Township, IL?