Is Medina 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, Medina Township has remained a Seller's Market.
Housing Prices in Medina Township, IL
How much do homes in Medina Township, IL cost?
Median Sold Price
$315,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Medina Township was $315,000 in March 2024, up 12.5% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $40K | N/A |
2 Bedrooms | $178.9K | $130.4K | -27.1% |
3 Bedrooms | $225K | $230K | +2.2% |
4 Bedrooms | $284.9K | $325K | +14.1% |
5+ Bedrooms | $382.5K | $425K | +11.1% |
Summary: Medina 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 decreased by 27.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
Peoria Heights | $102K | $120K | +17.6% |
Medina Township | $280K | $315K | +12.5% |
Peoria | $124.9K | $125.7K | +0.6% |
Housing Supply in Medina Township, IL
How many homes are available in Medina Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 29 | +11.5% |
Summary: The Medina Township real estate market had 29 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Medina Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Medina Township in March 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Medina Township, IL
How long does it take to sell a home in Medina Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 6 Days | -82.0% |
Summary: Homes in Medina Township had an average of 6 days on market in Mar 2024, down by 82% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Medina Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.