Is Knox Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Knox Township was a Seller's Market.
Key Takeaway
Knox Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Knox Township, IL
How much do homes in Knox Township, IL cost?
Median Sold Price
$147,500
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Knox Township have sold for 19.1% more than they did a year ago.
Summary: The median home sold price in Knox Township was $147,500 in March 2024, up 19.1% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $66.2K | $135K | +103.9% |
| 3 Bedrooms | $148K | $139.6K | -5.7% |
| 4 Bedrooms | $148K | $180K | +21.6% |
| 5+ Bedrooms | $365.2K | - | N/A |
Summary: Knox 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 increased by 103.9%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Knoxville | $100K | $157K | +57.0% |
| Knox Township | $123.8K | $147.5K | +19.1% |
| Galesburg | $90K | $100K | +11.1% |
| Galesburg City Township | $90K | $96.5K | +7.2% |
Housing Supply in Knox Township, IL
How many homes are available in Knox Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Knox Township real estate market had 18 homes for sale in March 2024, a 38.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Knox 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 66.7%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Knox Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Knox Township in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Knox Township, IL
How long does it take to sell a home in Knox Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 103 Days | +402.4% |
Summary: Homes in Knox Township had an average of 103 days on market in Mar 2024, up by 402.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Knox Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Knox Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.