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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mission Township is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Mission Township was a Buyer's Market.

Key Takeaway

Mission Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mission Township, IL

How much do homes in Mission Township, IL cost?

Median Sold Price

$260,450

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$25,450(+10.8%)

Key Takeaway

Homes in Mission Township have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Mission Township was $260,450 in February 2024, up 10.8% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $8.5K-
N/A
2 $436.2K$154.2K
-64.7%
3 $223.9K$270K
+20.6%
4 $215K$365K
+69.8%
5+ $307.5K$154.9K
-49.6%

Summary: Mission Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 64.7%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 69.8%, and 5+ bedroom homes decreased by 49.6%.

Median Sold Price Compared To Nearby Cities

Sheridan
+43.7%
Mission Township
+10.8%
Northville Township
+5.7%

Housing Supply in Mission Township, IL

How many homes are available in Mission Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1512-20.0%

Summary: The Mission Township real estate market had 12 homes for sale in February 2024, a 20.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 97
-22.2%
4 54
-20.0%
5+ 00
0.0%

Summary: The Mission Township housing inventory by bedroom type for February 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 22.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mission Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Mission Township in February 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Mission Township, IL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
43 Days11 Days-73.3%

Summary: Homes in Mission Township had an average of 11 days on market in Feb 2024, down by 73.3% compared to last year.

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 Mission Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Mission 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.

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

Report Updated 27 Days Ago

Newest Listings in Mission Township, IL

Nearby Markets to Mission Township, IL

What housing markets are near Mission Township, IL?