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 buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Gardner Township was a Seller's Market.

Key Takeaway

Gardner Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Gardner Township, IL

How much do homes in Gardner Township, IL cost?

Median Sold Price

$232,500

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$64,500(-21.7%)

Key Takeaway

Homes in Gardner Township have sold for 21.7% less than they did a year ago.

Summary: The median home sold price in Gardner Township was $232,500 in March 2024, down 21.7% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $354.7K$177.5K
-50.0%
3 $285K$220K
-22.8%
4 $290K$241.7K
-16.6%
5+ $385K$800K
+107.8%

Summary: Gardner 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 50%, 3 bedroom homes decreased by 22.8%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes increased by 107.8%.

Median Sold Price Compared To Nearby Cities

Springfield Township
+29.6%
Capital Township
+9.9%
Fancy Creek Township
-10.0%
Gardner Township
-21.7%

Housing Supply in Gardner Township, IL

How many homes are available in Gardner Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
811+37.5%

Summary: The Gardner Township real estate market had 11 homes for sale in March 2024, a 37.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 55
0.0%
4 24
+100.0%
5+ 00
0.0%

Summary: The Gardner 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gardner Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Gardner Township in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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

Mar 2023Mar 2024CHANGE
21 Days1 Day-95.3%

Summary: Homes in Gardner Township had an average of 1 days on market in Mar 2024, down by 95.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were 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 March 2024, 1 homes were sold in Gardner Township; 100% of homes were sold within 30 days, 0% 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 18 Days Ago

Newest Listings in Gardner Township, IL

Nearby Markets to Gardner Township, IL

What housing markets are near Gardner Township, IL?