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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Denning Township is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Denning Township was a Buyer's Market.

Key Takeaway

Denning 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.

How much do homes in Denning Township, IL cost?

Median Sold Price

$74,250

$52/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$7,750(+11.7%)

Key Takeaway

Homes in Denning Township have sold for 11.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $52.5K$26K
-50.5%
2 $46.5K$49.5K
+6.5%
3 $87K$78K
-10.4%
4 $139K$202.5K
+45.6%
5+ $60K$255K
+325.0%

Median Sold Price Compared To Nearby Cities

Six Mile Township
+35.6%
Denning Township
+11.7%
West Frankfort
+9.8%

How many homes are available in Denning Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
2019-5.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 21
-50.0%
2 55
0.0%
3 66
0.0%
4 44
0.0%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Denning Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
97 Days62 Days-35.7%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Denning 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 Denning Township, IL

Denning Township, IL has 19 homes on the market. The number of homes for sale in Denning Township, IL decreased by 5% between October 2022 and November 2022. Listings spent 62 days on the market in November 2022, and had a median list price of $74,250 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices decreased by 50.5%, 2 bedrooms properties prices increased by 6.5%, 3 bedrooms properties became 10.4% more cheaper, prices of 4 bedrooms properties went up by 45.6%, 5 bedrooms properties became 325% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 50%, 2 bedrooms homes inventory did not change, 3 bedrooms homes did not move, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes remained the same. Over 1 listings were sold over their listed price in November 2022 in Denning Township, IL. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price.

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