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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garfield Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Garfield Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Garfield Township, IL

How much do homes in Garfield Township, IL cost?

Median Sold Price

$191,000

$105/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$41,000(+27.3%)

Key Takeaway

Homes in Garfield Township have sold for 27.3% more than they did a month ago.

Summary: The median home sold price in Garfield Township was $191,000 in October 2024, up 27.3% from last month, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $150K-
N/A
4 -$191K
N/A
5+ --
N/A

Summary: Garfield Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Garfield Township
+27.3%
Gardner
+27.3%
Greenfield Township
-15.9%

Housing Supply in Garfield Township, IL

How many homes are available in Garfield Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
34+33.3%

Summary: The Garfield Township real estate market had 4 homes for sale in October 2024, a 33.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 12
+100.0%
5+ 11
0.0%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garfield Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Garfield Township in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Garfield Township, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
7 Days6 Days-14.3%

Summary: Homes in Garfield Township had an average of 6 days on market in Oct 2024, down by 14.3% compared to last month.

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 Garfield Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Garfield 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 9 Days Ago

Newest Listings in Garfield Township, IL

Nearby Markets to Garfield Township, IL

What housing markets are near Garfield Township, IL?