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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Martin Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Martin Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Martin Township, IL cost?

Median Sold Price

$72,500

$54/sqft

Based on all homes sold in December 2022.

Difference Since Last Month

-$44,500(-38.0%)

Key Takeaway

Homes in Martin Township have sold for 38% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2022Dec 2022%
1 --
N/A
2 $88.5K$75.5K
-14.7%
3 $130K$72.5K
-44.2%
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Martin Township
-38.0%
Colfax
-53.2%

How many homes are available in Martin Township, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
97-22.2%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 53
-40.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Average Sale Time

Nov 2022Dec 2022%
111 Days16 Days-85.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Martin 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 Martin Township, IL

There are 7 homes are for sale in Martin Township, IL real estate market. The number of homes for sale in Martin Township, IL decreased by 22.2% between November 2022 and December 2022. While the average time on the market in December 2022 was 16 days, the median list price was $72,500. From December 2021 through December 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went down by 14.7%, 3 bedrooms properties prices decreased by 44.2%, prices of 4 bedrooms properties increased by 0%, 5 bedrooms properties became 0% more expensive. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes became 40% less available, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes inventory did not change, volume of 5 bedrooms homes stayed the same. In December 2022, from all listings sold in Martin Township, IL there were more than 1 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.