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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaSalle Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in LaSalle Township, IL

How much do homes in LaSalle Township, IL cost?

Median Sold Price

$109,000

$99/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$1,000(-0.9%)

Key Takeaway

Homes in LaSalle Township have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in LaSalle Township was $109,000 in March 2024, down 0.9% from last year, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $40.5K-
N/A
2 $94.7K$95K
0.3%
3 $123.4K$144.7K
+17.3%
4 $129.7K$117.2K
-9.6%
5+ $159.9K$192K
+20.1%

Summary: LaSalle 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 0.3%, 3 bedroom homes increased by 17.3%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes increased by 20.1%.

Median Sold Price Compared To Nearby Cities

Peru Township
+32.0%
Oglesby
+21.4%
LaSalle Township
-0.9%
La Salle
-2.7%
LaSalle
-6.5%

Housing Supply in LaSalle Township, IL

How many homes are available in LaSalle Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3542+20.0%

Summary: The LaSalle Township real estate market had 42 homes for sale in March 2024, a 20.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1218
+50.0%
3 1514
-6.7%
4 58
+60.0%
5+ 32
-33.3%

Summary: The LaSalle 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 50%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
914+55.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaSalle Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in LaSalle Township in March 2024, up by 55.6% month-over-month. Of the 14 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for LaSalle Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
35 Days46 Days+31.6%

Summary: Homes in LaSalle Township had an average of 46 days on market in Mar 2024, up by 31.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 14 homes were sold in LaSalle Township; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 23 Days Ago

Newest Listings in LaSalle Township, IL

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What housing markets are near LaSalle Township, IL?