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 December 2020

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.

How much do homes in Maine Township, IL cost?

Median Sold Price

$324,956

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$24,960(+8.3%)

Key Takeaway

Homes in Maine Township have sold for 8.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $118K$118K
0.0%
2 $199.9K$212.9K
+6.5%
3 $318.5K$345K
+8.3%
4 $429.6K$510K
+18.7%
5+ $520K$597.5K
+14.9%

Median Sold Price Compared To Nearby Cities

Des Plaines
+9.7%
Niles
+8.5%
Maine Township
+8.3%
Park Ridge
+4.6%

How many homes are available in Maine Township, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
821706-14.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 7870
-10.3%
2 259226
-12.7%
3 280237
-15.4%
4 136117
-14.0%
5+ 6856
-17.6%

Number of Homes Sold

Nov 2021Dec 2021%
200179-10.5%

Asking Price vs. Sold Price

119 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

35 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. 66.5% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
29 Days30 Days+4.2%

Breakdown of Home Sale Times

119 Homes Were Sold
Under 30 Days

46 Homes Were Sold
In 30 - 90 Days

14 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.

About Maine Township, IL

Maine Township, IL has 706 homes on the market. Between November 2021 and December 2021, Maine Township, IL real estate market has seen decrease in the number of listings by 14%. In December 2021 median list price was $324,956 and the average listing age was 30 days. Real estate listing prices changed between November 2021 and December 2021: the cost of 1 bedroom properties have not changed, the cost of 2 bedrooms properties went up by 6.5%, 3 bedrooms properties prices increased by 8.3%, prices of 4 bedrooms properties went up by 18.7%, 5 bedrooms properties became 14.9% more expensive. Volume of homes for sale changed: number of 1 bedroom homes decreased by 10.3%, 2 bedrooms homes became 12.7% less available, 3 bedrooms homes inventory decreased by 15.4%, number of 4 bedrooms homes decreased by 14%, 5 bedrooms homes became 17.6% less available. Over 35 listings were sold over their listed price in December 2021 in Maine Township, IL. In the same period over 119 listings were sold below the listed price and 25 listings were sold for the listed price.

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