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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gardner Township is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in Gardner Township, IL

How much do homes in Gardner Township, IL cost?

Median Sold Price

$255,000

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$10,000(+4.1%)

Key Takeaway

Homes in Gardner Township have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Gardner Township was $255,000 in August 2024, up 4.1% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 -$50K
N/A
2 $170K$187K
+10.0%
3 $230K$247.8K
+7.8%
4 $254K$310K
+22.0%
5+ $642.5K$530K
-17.5%

Summary: Gardner Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 22%, and 5+ bedroom homes decreased by 17.5%.

Median Sold Price Compared To Nearby Cities

Springfield Township
+11.3%
Fancy Creek Township
+6.9%
Capital Township
+6.8%
Gardner Township
+4.1%

Housing Supply in Gardner Township, IL

How many homes are available in Gardner Township, IL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2321-8.7%

Summary: The Gardner Township real estate market had 21 homes for sale in August 2024, a 8.7% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 10
-100.0%
2 23
+50.0%
3 139
-30.8%
4 44
0.0%
5+ 35
+66.7%

Summary: The Gardner Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gardner Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Gardner Township in August 2024, down by 42.9% 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 Gardner Township, IL

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

Average Sale Time

Aug 2023Aug 2024CHANGE
3 Days23 Days+639.3%

Summary: Homes in Gardner Township had an average of 23 days on market in Aug 2024, up by 639.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gardner Township are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 4 homes were sold in Gardner Township; 75% of homes were sold within 30 days, 25% 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 9 Days Ago

Newest Listings in Gardner Township, IL

Nearby Markets to Gardner Township, IL

What housing markets are near Gardner Township, IL?