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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moraine Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Moraine Township, IL

How much do homes in Moraine Township, IL cost?

Median Sold Price

$650,000

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$51,000(+8.5%)

Key Takeaway

Homes in Moraine Township have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Moraine Township was $650,000 in March 2024, up 8.5% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $165K$192K
+16.4%
2 $334K$409.6K
+22.6%
3 $497.5K$513K
+3.1%
4 $750K$735K
-2.0%
5+ $975K$1.1M
+20.5%

Summary: Moraine Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 20.5%.

Median Sold Price Compared To Nearby Cities

Moraine Township
+8.5%
West Deerfield Township
+6.7%
Highland Park
+5.5%
Deerfield
-1.8%

Housing Supply in Moraine Township, IL

How many homes are available in Moraine Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
105119+13.3%

Summary: The Moraine Township real estate market had 119 homes for sale in March 2024, a 13.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1218
+50.0%
3 3740
+8.1%
4 3639
+8.3%
5+ 2022
+10.0%

Summary: The Moraine 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 increased by 50%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2625-3.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moraine Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Moraine Township in March 2024, down by 3.8% month-over-month. Of the 25 sold homes, 60% were sold under asking, 8% were sold at asking, and 32% were sold over asking.

Days on Market for Moraine Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
35 Days25 Days-29.8%

Summary: Homes in Moraine Township had an average of 25 days on market in Mar 2024, down by 29.8% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Moraine Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 25 homes were sold in Moraine Township; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% 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 25 Days Ago

Newest Listings in Moraine Township, IL

Nearby Markets to Moraine Township, IL

What housing markets are near Moraine Township, IL?