Is Macomb City 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, Macomb City Township has remained a Seller's Market.
Key Takeaway
Macomb City Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macomb City Township, IL
How much do homes in Macomb City Township, IL cost?
Median Sold Price
$87,250
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Macomb City Township have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Macomb City Township was $87,250 in April 2024, up 7.4% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37.5K | $48K | +28.0% |
| 2 Bedrooms | $55.4K | $69.9K | +26.0% |
| 3 Bedrooms | $101K | $98.1K | -2.8% |
| 4 Bedrooms | $135K | $135.2K | 0.1% |
| 5+ Bedrooms | $67.5K | $173.7K | +157.4% |
Summary: Macomb City Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28%, 2 bedroom homes increased by 26%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 157.4%.
Median Sold Price Compared To Nearby Cities
| Macomb | $83.5K | $99K | +18.6% |
| Macomb City Township | $81.2K | $87.2K | +7.4% |
Housing Supply in Macomb City Township, IL
How many homes are available in Macomb City Township, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 80 | +12.7% |
Summary: The Macomb City Township real estate market had 80 homes for sale in April 2024, a 12.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Macomb City Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macomb City Township, you may be able to get a good deal. 88.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Macomb City Township in April 2024, up by 41.7% month-over-month. Of the 17 sold homes, 88% were sold under asking, 0% were sold at asking, and 12% were sold over asking.
Days on Market for Macomb City Township, IL
How long does it take to sell a home in Macomb City Township, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 111 Days | 79 Days | -28.9% |
Summary: Homes in Macomb City Township had an average of 79 days on market in Apr 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macomb City Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Macomb City Township; 53% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.