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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Emmet Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Emmet Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Emmet Township, IL

How much do homes in Emmet Township, IL cost?

Median Sold Price

$204,950

$107/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$67,950(+49.6%)

Key Takeaway

Homes in Emmet Township have sold for 49.6% more than they did a month ago.

Summary: The median home sold price in Emmet Township was $204,950 in April 2024, up 49.6% from last month, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $137K$204.9K
+49.6%
4 --
N/A
5+ --
N/A

Summary: Emmet Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 49.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Emmet Township
+49.6%
Macomb Township
-34.1%

Housing Supply in Emmet Township, IL

How many homes are available in Emmet Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
78+14.3%

Summary: The Emmet Township real estate market had 8 homes for sale in April 2024, a 14.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 55
0.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Emmet 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+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 Emmet Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Emmet Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Emmet Township, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
193 Days16 Days-91.5%

Summary: Homes in Emmet Township had an average of 16 days on market in Apr 2024, down by 91.5% compared to last month.

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

Summary: During April 2024, 2 homes were sold in Emmet Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in Emmet Township, IL

Nearby Markets to Emmet Township, IL

What housing markets are near Emmet Township, IL?