Is Freeburg Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Freeburg Township has remained a Seller's Market.
Housing Prices in Freeburg Township, IL
How much do homes in Freeburg Township, IL cost?
Median Sold Price
$287,667
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Freeburg Township was $287,667 in April 2024, up 21.4% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $103K | $150K | +45.6% |
3 Bedrooms | $248.7K | $260K | +4.5% |
4 Bedrooms | $338K | $412.5K | +22.0% |
5+ Bedrooms | $360K | $453.7K | +26.0% |
Summary: Freeburg Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 26%.
Median Sold Price Compared To Nearby Cities
Freeburg Township | $237K | $287.6K | +21.4% |
Freeburg | $237K | $281.6K | +18.8% |
Shiloh Valley Township | $322.5K | $375K | +16.3% |
Mascoutah | $253K | $280K | +10.7% |
Housing Supply in Freeburg Township, IL
How many homes are available in Freeburg Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Summary: The Freeburg Township real estate market had 13 homes for sale in April 2024, a 7.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Freeburg 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 increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Freeburg Township in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Freeburg Township, IL
How long does it take to sell a home in Freeburg Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 96 Days | +52.4% |
Summary: Homes in Freeburg Township had an average of 96 days on market in Apr 2024, up by 52.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Freeburg Township; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.