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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampshire Township is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Hampshire Township, IL

How much do homes in Hampshire Township, IL cost?

Median Sold Price

$380,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$40,010(+11.8%)

Key Takeaway

Homes in Hampshire Township have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Hampshire Township was $380,000 in March 2024, up 11.8% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $289.9K$290K
0.0%
3 $314.9K$352.5K
+11.9%
4 $410K$439.9K
+7.3%
5+ $450K$428.2K
-4.8%

Summary: Hampshire 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 did not change, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Cities

Genoa Township
+19.6%
Hampshire
+14.9%
Hampshire Township
+11.8%
Burlington Township
+8.8%

Housing Supply in Hampshire Township, IL

How many homes are available in Hampshire Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8097+21.3%

Summary: The Hampshire Township real estate market had 97 homes for sale in March 2024, a 21.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1521
+40.0%
3 2735
+29.6%
4 3235
+9.4%
5+ 66
0.0%

Summary: The Hampshire 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 40%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hampshire Township, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Hampshire Township in March 2024, down by 23.5% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.

Days on Market for Hampshire Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
38 Days35 Days-8.6%

Summary: Homes in Hampshire Township had an average of 35 days on market in Mar 2024, down by 8.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 13 homes were sold in Hampshire Township; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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 Hampshire Township, IL

Nearby Markets to Hampshire Township, IL

What housing markets are near Hampshire Township, IL?