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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hall Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Hall Township, IL

How much do homes in Hall Township, IL cost?

Median Sold Price

$127,000

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$7,100(+5.9%)

Key Takeaway

Homes in Hall Township have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Hall Township was $127,000 in March 2024, up 5.9% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $40K$46.2K
+15.6%
2 $75K$95K
+26.7%
3 $135K$141K
+4.4%
4 $206.5K$117.5K
-43.1%
5+ $264.5K$275K
+4.0%

Summary: Hall Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 43.1%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Cities

Spring Valley
+22.0%
Hall Township
+5.9%

Housing Supply in Hall Township, IL

How many homes are available in Hall Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2526+4.0%

Summary: The Hall Township real estate market had 26 homes for sale in March 2024, a 4.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 63
-50.0%
3 1518
+20.0%
4 22
0.0%
5+ 23
+50.0%

Summary: The Hall 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 decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
660.0%

Asking Price vs. Sold Price

5 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 Hall Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Hall Township in March 2024, the same as the previous month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Hall Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
88 Days48 Days-45.8%

Summary: Homes in Hall Township had an average of 48 days on market in Mar 2024, down by 45.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 6 homes were sold in Hall Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 Hall Township, IL

Nearby Markets to Hall Township, IL

What housing markets are near Hall Township, IL?