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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delavan Township is a buyer's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

Delavan Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Delavan Township, IL cost?

Median Sold Price

$116,275

$72/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

-$5,725(-4.7%)

Key Takeaway

Homes in Delavan Township have sold for 4.7% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $43K$35K
-18.6%
2 $100.7K$89K
-11.7%
3 $135.5K$131K
-3.3%
4 $122K$106.2K
-12.9%
5+ $229K$149.9K
-34.5%

How many homes are available in Delavan Township, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
1117+54.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 13
+200.0%
3 46
+50.0%
4 46
+50.0%
5+ 22
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
02+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Delavan Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
1 Day2 Days+100.0%

Breakdown of Home Sale Times

2 Homes Were 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 Delavan Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Delavan Township, IL

Delavan Township, IL has 17 homes on the market. Between July 2022 and August 2022, Delavan Township, IL real estate market has seen increase in the number of listings by 54.5%. The median list price of listings available in August 2022 was $116,275, while the average time on the real estate market was 2 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went down by 18.6%, 2 bedrooms properties became 11.7% more cheaper, prices of 3 bedrooms properties decreased by 3.3%, the cost of 4 bedrooms properties went down by 12.9%, prices of 5 bedrooms properties went down by 34.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, number of 2 bedrooms homes increased by 200%, volume of 3 bedrooms homes went up by 50%, 4 bedrooms homes inventory increased by 50%, number of 5 bedrooms homes remained the same. While more than 0 listings in Delavan Township, IL in August 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 1 were sold below.