Is Logan Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Logan Township has remained a Seller's Market.
Key Takeaway
Logan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Logan Township, IL
How much do homes in Logan Township, IL cost?
Median Sold Price
$200,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Logan Township have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Logan Township was $200,000 in April 2024, up 11.1% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $92K | N/A |
| 2 Bedrooms | $110.5K | $99.5K | -10.0% |
| 3 Bedrooms | $190K | $196.5K | +3.4% |
| 4 Bedrooms | $240K | $285K | +18.8% |
| 5+ Bedrooms | $227.5K | $371.4K | +63.3% |
Summary: Logan Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 63.3%.
Median Sold Price Compared To Nearby Cities
| Hanna City | $140K | $189.5K | +35.4% |
| Logan Township | $180K | $200K | +11.1% |
Housing Supply in Logan Township, IL
How many homes are available in Logan Township, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Logan Township real estate market had 14 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Logan Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 60%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Logan Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Logan Township in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Logan Township, IL
How long does it take to sell a home in Logan Township, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 17 Days | +30.8% |
Summary: Homes in Logan Township had an average of 17 days on market in Apr 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Logan Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Logan Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.