Is Maine Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Maine Township has remained a Seller's Market.
Housing Prices in Maine Township, IL
How much do homes in Maine Township, IL cost?
Median Sold Price
$360,038
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Maine Township was $360,038 in March 2024, up 9% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $145K | +11.5% |
2 Bedrooms | $230K | $250K | +8.7% |
3 Bedrooms | $365K | $394K | +7.9% |
4 Bedrooms | $510K | $549.9K | +7.8% |
5+ Bedrooms | $620K | $675K | +8.9% |
Summary: Maine Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
Maine Township | $330.3K | $360K | +9.0% |
Niles | $325K | $350K | +7.7% |
Park Ridge | $495K | $526.9K | +6.5% |
Des Plaines | $305K | $291.7K | -4.4% |
Housing Supply in Maine Township, IL
How many homes are available in Maine Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
306 | 393 | +28.4% |
Summary: The Maine Township real estate market had 393 homes for sale in March 2024, a 28.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 25 | +38.9% |
2 Bedrooms | 92 | 103 | +12.0% |
3 Bedrooms | 110 | 155 | +40.9% |
4 Bedrooms | 67 | 82 | +22.4% |
5+ Bedrooms | 19 | 28 | +47.4% |
Summary: The Maine Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.9%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 47.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 105 | +28.0% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 105 homes were sold or pending in Maine Township in March 2024, up by 28.0% month-over-month. Of the 105 sold homes, 54% were sold under asking, 12% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 21 Days | -23.9% |
Summary: Homes in Maine Township had an average of 21 days on market in Mar 2024, down by 23.9% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 105 homes were sold in Maine Township; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.