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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maine Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Maine Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Maine Township, IL

How much do homes in Maine Township, IL cost?

Median Sold Price

$380,238

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$35,224(+10.2%)

Key Takeaway

Homes in Maine Township have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Maine Township was $380,238 in September 2024, up 10.2% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $137K$161K
+17.5%
2 $235.5K$265K
+12.5%
3 $369.3K$420K
+13.7%
4 $518K$575K
+11.0%
5+ $660K$722K
+9.4%

Summary: Maine Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Cities

Niles
+13.8%
Maine Township
+10.2%
Park Ridge
+7.8%
Des Plaines
+5.9%

Housing Supply in Maine Township, IL

How many homes are available in Maine Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
449465+3.6%

Summary: The Maine Township real estate market had 465 homes for sale in September 2024, a 3.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 3432
-5.9%
2 119126
+5.9%
3 183204
+11.5%
4 7870
-10.3%
5+ 3533
-5.7%

Summary: The Maine Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 5.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
163107-34.4%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maine Township, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.

Summary: A total of 107 homes were sold or pending in Maine Township in September 2024, down by 34.4% month-over-month. Of the 107 sold homes, 52% were sold under asking, 14% were sold at asking, and 34% were sold over asking.

Days on Market for Maine Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
20 Days18 Days-8.6%

Summary: Homes in Maine Township had an average of 18 days on market in Sep 2024, down by 8.6% compared to last year.

Breakdown of Home Sale Times

88 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 107 homes were sold in Maine Township; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% 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 30 Days Ago

Newest Listings in Maine Township, IL

Nearby Markets to Maine Township, IL

What housing markets are near Maine Township, IL?