Is Cuba Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$478,862
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cuba Township was $478,862 in April 2024, up 0.8% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252.5K | $192.5K | -23.8% |
2 Bedrooms | $262K | $280K | +6.9% |
3 Bedrooms | $368.2K | $385K | +4.5% |
4 Bedrooms | $614K | $654.4K | +6.6% |
5+ Bedrooms | $892.4K | $912.5K | +2.2% |
Summary: Cuba Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
North Barrington | $730K | $819K | +12.2% |
Lake Barrington | $390K | $410K | +5.1% |
Cuba Township | $475K | $478.8K | +0.8% |
Fox River Grove | $315K | $298.5K | -5.2% |
Housing Supply in Cuba Township, IL
How many homes are available in Cuba Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 104 | +9.5% |
Summary: The Cuba Township real estate market had 104 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 20 | +11.1% |
3 Bedrooms | 19 | 16 | -15.8% |
4 Bedrooms | 34 | 43 | +26.5% |
5+ Bedrooms | 24 | 25 | +4.2% |
Summary: The Cuba Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 21 | -16.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Cuba Township in April 2024, down by 16.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 29% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 37 Days | -29.6% |
Summary: Homes in Cuba Township had an average of 37 days on market in Apr 2024, down by 29.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Cuba Township; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.