Is Metamora Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Metamora Township has remained a Seller's Market.
Housing Prices in Metamora Township, IL
How much do homes in Metamora Township, IL cost?
Median Sold Price
$266,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Metamora Township was $266,000 in April 2024, up 40% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $162.5K | $140K | -13.8% |
3 Bedrooms | $175K | $210K | +20.0% |
4 Bedrooms | $245K | $292.5K | +19.4% |
5+ Bedrooms | $329K | $422K | +28.3% |
Summary: Metamora Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
Metamora | $185K | $266K | +43.8% |
Metamora Township | $190K | $266K | +40.0% |
Cazenovia Township | $114.9K | $119.9K | +4.3% |
Housing Supply in Metamora Township, IL
How many homes are available in Metamora Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Summary: The Metamora Township real estate market had 20 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Metamora Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Metamora Township in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Metamora Township, IL
How long does it take to sell a home in Metamora Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 52 Days | +5.2% |
Summary: Homes in Metamora Township had an average of 52 days on market in Apr 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Metamora Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.