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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Limestone Township is a seller's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Limestone Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Limestone Township, IL

How much do homes in Limestone Township, IL cost?

Median Sold Price

$263,750

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$43,750(+19.9%)

Key Takeaway

Homes in Limestone Township have sold for 19.9% more than they did a year ago.

Summary: The median home sold price in Limestone Township was $263,750 in June 2024, up 19.9% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $183K$173K
-5.5%
3 $216.2K$225K
+4.0%
4 $264K$320K
+21.2%
5+ $334.5K$340K
+1.6%

Summary: Limestone Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Cities

Limestone
+40.5%
Kankakee
+22.3%
Kankakee Township
+20.6%
Limestone Township
+19.9%
Bourbonnais Township
+16.3%

Housing Supply in Limestone Township, IL

How many homes are available in Limestone Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1314+7.7%

Summary: The Limestone Township real estate market had 14 homes for sale in June 2024, a 7.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 67
+16.7%
4 43
-25.0%
5+ 11
0.0%

Summary: The Limestone Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Limestone Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Limestone Township in June 2024, up by 66.7% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.

Days on Market for Limestone Township, IL

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

Average Sale Time

Jun 2023Jun 2024CHANGE
38 Days6 Days-83.7%

Summary: Homes in Limestone Township had an average of 6 days on market in Jun 2024, down by 83.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were 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 Limestone Township are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 5 homes were sold in Limestone 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 26 Days Ago

Newest Listings in Limestone Township, IL

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