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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mazon Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Mazon Township, IL

How much do homes in Mazon Township, IL cost?

Median Sold Price

$193,250

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$3,350(+1.8%)

Key Takeaway

Homes in Mazon Township have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Mazon Township was $193,250 in March 2024, up 1.8% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $148.7K$152K
+2.2%
3 $190K$210K
+10.5%
4 $252K$222K
-11.9%
5+ -$94.9K
N/A

Summary: Mazon 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 2.2%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mazon Township
+1.8%
Wauponsee Township
-14.9%

Housing Supply in Mazon Township, IL

How many homes are available in Mazon Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
96-33.3%

Summary: The Mazon Township real estate market had 6 homes for sale in March 2024, a 33.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 53
-40.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Mazon 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 decreased by 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 Mazon Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Mazon Township in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Mazon Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
74 Days67 Days-8.8%

Summary: Homes in Mazon Township had an average of 67 days on market in Mar 2024, down by 8.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were 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 Mazon Township has remained consistent over time.

Summary: During March 2024, 2 homes were sold in Mazon Township; 0% of homes were sold within 30 days, 100% 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 18 Days Ago

Newest Listings in Mazon Township, IL

Nearby Markets to Mazon Township, IL