Is Cuba 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, Cuba Township has remained a Seller's Market.
Housing Prices in Cuba Township, IL
How much do homes in Cuba Township, IL cost?
Median Sold Price
$481,250
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cuba Township was $481,250 in March 2024, down 2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $250K | +38.9% |
2 Bedrooms | $268K | $279.9K | +4.4% |
3 Bedrooms | $397.5K | $378.5K | -4.8% |
4 Bedrooms | $591K | $659.9K | +11.7% |
5+ Bedrooms | $897.5K | $912.5K | +1.7% |
Summary: Cuba Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Lake Barrington | $409.2K | $420K | +2.6% |
Cuba Township | $491.2K | $481.2K | -2.0% |
Fox River Grove | $315K | $305K | -3.2% |
Housing Supply in Cuba Township, IL
How many homes are available in Cuba Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 105 | +6.1% |
Summary: The Cuba Township real estate market had 105 homes for sale in March 2024, a 6.1% 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 | 15 | 17 | +13.3% |
3 Bedrooms | 25 | 22 | -12.0% |
4 Bedrooms | 31 | 40 | +29.0% |
5+ Bedrooms | 28 | 26 | -7.1% |
Summary: The Cuba 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 13.3%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 29%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 25 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Cuba Township in March 2024, the same as the previous month. Of the 25 sold homes, 60% were sold under asking, 16% were sold at asking, and 24% were sold over asking.
Days on Market for Cuba Township, IL
How long does it take to sell a home in Cuba Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 43 Days | -23.1% |
Summary: Homes in Cuba Township had an average of 43 days on market in Mar 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Cuba Township; 72% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.