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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hopkins Township is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, Hopkins Township has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Hopkins Township, IL

How much do homes in Hopkins Township, IL cost?

Median Sold Price

$216,950

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$48,950(+29.1%)

Key Takeaway

Homes in Hopkins Township have sold for 29.1% more than they did a year ago.

Summary: The median home sold price in Hopkins Township was $216,950 in March 2024, up 29.1% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$150K
N/A
2 $198.5K-
N/A
3 $168K$220K
+31.0%
4 $183K$200K
+9.3%
5+ $123.6K$329K
+166.2%

Summary: Hopkins 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 31%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 166.2%.

Median Sold Price Compared To Nearby Cities

Hopkins Township
+29.1%
Sterling
+15.4%
Sterling Township
+10.8%

Housing Supply in Hopkins Township, IL

How many homes are available in Hopkins Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
78+14.3%

Summary: The Hopkins Township real estate market had 8 homes for sale in March 2024, a 14.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 11
0.0%
3 22
0.0%
4 22
0.0%
5+ 11
0.0%

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

Number of Homes Sold

Feb 2024Mar 2024CHANGE
21-50.0%

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 Hopkins 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 Hopkins Township in March 2024, down by 50.0% month-over-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 Hopkins Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
142 Days6 Days-95.8%

Summary: Homes in Hopkins Township had an average of 6 days on market in Mar 2024, down by 95.8% 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 Hopkins Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in Hopkins 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 25 Days Ago

Newest Listings in Hopkins Township, IL

Nearby Markets to Hopkins Township, IL

What housing markets are near Hopkins Township, IL?