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 Last Month

Since last month, 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.

How much do homes in Malta Township, IL cost?

Median Sold Price

$249,800

$129/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

+$39,800(+19.0%)

Key Takeaway

Homes in Malta Township have sold for 19% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 --
N/A
3 $210K$249.8K
+19.0%
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Malta Township
+19.0%
Malta
-19.0%

How many homes are available in Malta Township, IL?

Number of Homes For Sale

Dec 2022Jan 2023%
118-27.3%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 00
0.0%
3 85
-37.5%
4 22
0.0%
5+ 11
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
220.0%

Asking Price vs. Sold Price

1 Home Was 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. 50% of homes here sold below asking price last month.

Average Sale Time

Dec 2022Jan 2023%
20 Days11 Days-42.5%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Malta Township, IL

There are 8 homes are for sale in Malta Township, IL real estate market. The inventory of homes for sale in Malta Township, IL between December 2022 and January 2023 decreased by 27.3%. In January 2023, listings were on the market for 11 days. During the same period, the median list price in this real estate market was $249,800. Listing prices have changed in this real estate market between January 2022 and January 2023: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 0%, prices of 3 bedrooms properties went up by 19%, prices of 4 bedrooms properties increased by 0%, prices of 5 bedrooms properties increased by 0%. This housing market inventory have changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes decreased by 37.5%, 4 bedrooms homes did not move, 5 bedrooms homes did not move. Malta Township, IL housing market in January 2023 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 1 sold below.

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