Is Moraine 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, Moraine Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $192K | +16.4% |
2 Bedrooms | $334K | $409.6K | +22.6% |
3 Bedrooms | $497.5K | $513K | +3.1% |
4 Bedrooms | $750K | $735K | -2.0% |
5+ Bedrooms | $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 | $599K | $650K | +8.5% |
West Deerfield Township | $675.9K | $721.5K | +6.7% |
Highland Park | $626.6K | $661.1K | +5.5% |
Deerfield | $545K | $535.4K | -1.8% |
Housing Supply in Moraine Township, IL
How many homes are available in Moraine Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 119 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 18 | +50.0% |
3 Bedrooms | 37 | 40 | +8.1% |
4 Bedrooms | 36 | 39 | +8.3% |
5+ Bedrooms | 20 | 22 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 25 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 25 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
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.