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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Malta Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Malta Township, IL

How much do homes in Malta Township, IL cost?

Median Sold Price

$225,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$2,500(+1.1%)

Key Takeaway

Homes in Malta Township have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Malta Township was $225,000 in March 2024, up 1.1% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $87.5K$128.5K
+46.9%
3 $217.5K$242.2K
+11.4%
4 $245K$297.5K
+21.4%
5+ $255K$176.6K
-30.7%

Summary: Malta Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.9%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 30.7%.

Median Sold Price Compared To Nearby Cities

Malta
+2.3%
Malta Township
+1.1%

Housing Supply in Malta Township, IL

How many homes are available in Malta Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
59+80.0%

Summary: The Malta Township real estate market had 9 homes for sale in March 2024, a 80.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 34
+33.3%
4 13
+200.0%
5+ 11
0.0%

Summary: The Malta Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Malta Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Malta Township in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Malta Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
170 Days52 Days-69.2%

Summary: Homes in Malta Township had an average of 52 days on market in Mar 2024, down by 69.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Malta Township has remained consistent over time.

Summary: During March 2024, 3 homes were sold in Malta Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 25 Days Ago

Newest Listings in Malta Township, IL

Nearby Markets to Malta Township, IL

What housing markets are near Malta Township, IL?