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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dixon Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Dixon Township, IL

How much do homes in Dixon Township, IL cost?

Median Sold Price

$160,000

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$40,050(+33.4%)

Key Takeaway

Homes in Dixon Township have sold for 33.4% more than they did a year ago.

Summary: The median home sold price in Dixon Township was $160,000 in March 2024, up 33.4% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $72.5K$140K
+93.1%
2 $94.5K$119.5K
+26.5%
3 $132.5K$172K
+29.8%
4 $132.5K$187.5K
+41.5%
5+ $175K$192.5K
+10.0%

Summary: Dixon Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.1%, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 29.8%, 4 bedroom homes increased by 41.5%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

Dixon
+39.0%
Dixon Township
+33.4%

Housing Supply in Dixon Township, IL

How many homes are available in Dixon Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6066+10.0%

Summary: The Dixon Township real estate market had 66 homes for sale in March 2024, a 10.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 1615
-6.3%
3 3035
+16.7%
4 89
+12.5%
5+ 44
0.0%

Summary: The Dixon Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1622+37.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dixon Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Dixon Township in March 2024, up by 37.5% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Dixon Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
91 Days30 Days-66.9%

Summary: Homes in Dixon Township had an average of 30 days on market in Mar 2024, down by 66.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dixon Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 22 homes were sold in Dixon Township; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 25 Days Ago

Newest Listings in Dixon Township, IL

Nearby Markets to Dixon Township, IL

What housing markets are near Dixon Township, IL?