Is Fayetteville Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fayetteville Township has remained a Seller's Market.
Key Takeaway
Fayetteville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayetteville Township, IL
How much do homes in Fayetteville Township, IL cost?
Median Sold Price
$151,750
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fayetteville Township have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Fayetteville Township was $151,750 in March 2024, up 1.8% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149K | $53.5K | -64.1% |
| 3 Bedrooms | $141K | $180K | +27.7% |
| 4 Bedrooms | $349.7K | $128.2K | -63.3% |
| 5+ Bedrooms | - | $345K | N/A |
Summary: Fayetteville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 64.1%, 3 bedroom homes increased by 27.7%, 4 bedroom homes decreased by 63.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fayetteville Township | $149K | $151.7K | +1.8% |
| Saint Libory | $205K | $180K | -12.2% |
Housing Supply in Fayetteville Township, IL
How many homes are available in Fayetteville Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Summary: The Fayetteville Township real estate market had 2 homes for sale in March 2024, a 50.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fayetteville Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Fayetteville Township in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Fayetteville Township, IL
How long does it take to sell a home in Fayetteville Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 148 Days | +322.9% |
Summary: Homes in Fayetteville Township had an average of 148 days on market in Mar 2024, up by 322.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Fayetteville Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in Fayetteville Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.