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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Drummer Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Drummer Township, IL

How much do homes in Drummer Township, IL cost?

Median Sold Price

$145,000

$110/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since September 2023.

Key Takeaway

The sold price of homes in Drummer Township has remained the same since last year.

Summary: The median home sold price in Drummer Township was $145,000 in September 2024, the same as last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $92K$135K
+46.7%
3 $152.2K$182.5K
+19.9%
4 $199K$116.2K
-41.6%
5+ $192.5K$170K
-11.7%

Summary: Drummer Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 19.9%, 4 bedroom homes decreased by 41.6%, and 5+ bedroom homes decreased by 11.7%.

Median Sold Price Compared To Nearby Cities

Drummer Township
0.0%
Gibson City
-3.0%

Housing Supply in Drummer Township, IL

How many homes are available in Drummer Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
98-11.1%

Summary: The Drummer Township real estate market had 8 homes for sale in September 2024, a 11.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 33
0.0%
3 44
0.0%
4 21
-50.0%
5+ 00
0.0%

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

Number of Homes Sold

Aug 2024Sep 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Drummer Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Drummer Township in September 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Drummer Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
6 Days67 Days+1022.2%

Summary: Homes in Drummer Township had an average of 67 days on market in Sep 2024, up by 1022.2% compared to last year.

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 Drummer Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Drummer Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 Sep 1, 2024

Newest Listings in Drummer Township, IL

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