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 neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Limestone 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 Limestone Township, IL

How much do homes in Limestone Township, IL cost?

Median Sold Price

$265,900

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$38,400(+16.9%)

Key Takeaway

Homes in Limestone Township have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in Limestone Township was $265,900 in May 2024, up 16.9% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $183K$286.5K
+56.6%
3 $216.2K$232K
+7.3%
4 $265K$330.9K
+24.9%
5+ $334.5K$307.5K
-8.1%

Summary: Limestone Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 24.9%, and 5+ bedroom homes decreased by 8.1%.

Median Sold Price Compared To Nearby Cities

Kankakee
+26.5%
Kankakee Township
+25.5%
Limestone Township
+16.9%
Bourbonnais Township
+13.9%

Housing Supply in Limestone Township, IL

How many homes are available in Limestone Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
913+44.4%

Summary: The Limestone Township real estate market had 13 homes for sale in May 2024, a 44.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 36
+100.0%
4 34
+33.3%
5+ 11
0.0%

Summary: The Limestone Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were 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 Limestone Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Limestone Township in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

May 2023May 2024CHANGE
14 Days21 Days+45.8%

Summary: Homes in Limestone Township had an average of 21 days on market in May 2024, up by 45.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was 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 May 2024, 2 homes were sold in Limestone Township; 50% of homes were sold within 30 days, 50% 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 21 Days Ago

Newest Listings in Limestone Township, IL

Nearby Markets to Limestone Township, IL

What housing markets are near Limestone Township, IL?