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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hopedale Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

How much do homes in Hopedale Township, IL cost?

Median Sold Price

$445,000

$110/sqft

Based on all homes sold in August 2022.

Difference Since Last Month

+$270,000(+154.3%)

Key Takeaway

Homes in Hopedale Township have sold for 154.3% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJul 2022Aug 2022%
1 --
N/A
2 --
N/A
3 $150K-
N/A
4 $200K$445K
+122.5%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Hopedale Township
+154.3%
Dillon Township
+15.6%

How many homes are available in Hopedale Township, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
93-66.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 11
0.0%
3 40
-100.0%
4 42
-50.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hopedale Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Jul 2022Aug 2022%
6 Days19 Days+192.3%

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Hopedale Township, IL

Hopedale Township, IL has 3 homes on the market. In August 2022 in Hopedale Township, IL there were 66.7% less homes for sale than in July 2022. Listings spent 19 days on the market in August 2022, and had a median list price of $445,000 during the same period. Real estate listing prices changed between August 2021 and August 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0% more expensive, prices of 3 bedrooms properties went up by 0%, 4 bedrooms properties became 122.5% more expensive, prices of 5 bedrooms properties increased by 0%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory decreased by 100%, 4 bedrooms homes became 50% less available, the quantity of 5 bedrooms homes have not changed. While more than 0 listings in Hopedale Township, IL in August 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.