Is Fremont Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Fremont Township has remained a Seller's Market.
Housing Prices in Fremont Township, IL
How much do homes in Fremont Township, IL cost?
Median Sold Price
$392,307
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Fremont Township was $392,307 in February 2024, up 12.6% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87K | $109.9K | +26.3% |
2 Bedrooms | $215K | $240K | +11.6% |
3 Bedrooms | $300K | $374.9K | +25.0% |
4 Bedrooms | $408.2K | $489.9K | +20.0% |
5+ Bedrooms | $540K | $545.5K | +1.0% |
Summary: Fremont Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Mundelein | $300K | $375K | +25.0% |
Wauconda | $265K | $312.5K | +17.9% |
Fremont Township | $348.3K | $392.3K | +12.6% |
Hawthorn Woods | $609K | $645K | +5.9% |
Round Lake Park | $170K | $180K | +5.9% |
Housing Supply in Fremont Township, IL
How many homes are available in Fremont Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
104 | 110 | +5.8% |
Summary: The Fremont Township real estate market had 110 homes for sale in February 2024, a 5.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 23 | 29 | +26.1% |
3 Bedrooms | 23 | 27 | +17.4% |
4 Bedrooms | 46 | 38 | -17.4% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Fremont Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 26.1%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Fremont Township in February 2024, up by 3.6% month-over-month. Of the 29 sold homes, 38% were sold under asking, 34% were sold at asking, and 28% were sold over asking.
Days on Market for Fremont Township, IL
How long does it take to sell a home in Fremont Township, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
31 Days | 29 Days | -6.5% |
Summary: Homes in Fremont Township had an average of 29 days on market in Feb 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 29 homes were sold in Fremont Township; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.