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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Foster Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Foster Township, IL

How much do homes in Foster Township, IL cost?

Median Sold Price

$225,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$7,000(-3.0%)

Key Takeaway

Homes in Foster Township have sold for 3% less than they did a year ago.

Summary: The median home sold price in Foster Township was $225,000 in September 2024, down 3% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $187K$170K
-9.1%
3 $205K$185K
-9.8%
4 $302.8K$431.2K
+42.4%
5+ $702.4K$527.5K
-24.9%

Summary: Foster 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 decreased by 9.1%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes decreased by 24.9%.

Median Sold Price Compared To Nearby Cities

Alton Township
+13.6%
Alton
+13.5%
Godfrey
+5.2%
Foster Township
-3.0%

Housing Supply in Foster Township, IL

How many homes are available in Foster Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1614-12.5%

Summary: The Foster Township real estate market had 14 homes for sale in September 2024, a 12.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 33
0.0%
3 118
-27.3%
4 12
+100.0%
5+ 11
0.0%

Summary: The Foster 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 decreased by 27.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Foster Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Foster Township in September 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for Foster Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
68 Days48 Days-29.5%

Summary: Homes in Foster Township had an average of 48 days on market in Sep 2024, down by 29.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Foster Township has remained consistent over time.

Summary: During September 2024, 7 homes were sold in Foster Township; 29% of homes were sold within 30 days, 57% 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 13 Days Ago

Newest Listings in Foster Township, IL

Nearby Markets to Foster Township, IL

What housing markets are near Foster Township, IL?