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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macomb Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Macomb Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Macomb Township, IL

How much do homes in Macomb Township, IL cost?

Median Sold Price

$89,000

$69/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$46,000(-34.1%)

Key Takeaway

Homes in Macomb Township have sold for 34.1% less than they did a month ago.

Summary: The median home sold price in Macomb Township was $89,000 in April 2024, down 34.1% from last month, and the median price per square foot was $69.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 -$30.5K
N/A
2 $67.9K$89K
+31.1%
3 $138.5K$86.4K
-37.6%
4 $232.5K$115.2K
-50.4%
5+ --
N/A

Summary: Macomb Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.1%, 3 bedroom homes decreased by 37.6%, 4 bedroom homes decreased by 50.4%, and 5+ bedroom homes did not change.

Housing Supply in Macomb Township, IL

How many homes are available in Macomb Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7989+12.7%

Summary: The Macomb Township real estate market had 89 homes for sale in April 2024, a 12.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 46
+50.0%
2 2627
+3.8%
3 3433
-2.9%
4 1419
+35.7%
5+ 14
+300.0%

Summary: The Macomb 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 3.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 300%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1319+46.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macomb Township, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Macomb Township in April 2024, up by 46.2% month-over-month. Of the 19 sold homes, 84% were sold under asking, 5% were sold at asking, and 11% were sold over asking.

Days on Market for Macomb Township, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
58 Days72 Days+23.5%

Summary: Homes in Macomb Township had an average of 72 days on market in Apr 2024, up by 23.5% compared to last month.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 19 homes were sold in Macomb Township; 58% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 32% 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 3 Days Ago

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