Is Moro Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Moro Township has remained a Seller's Market.
Housing Prices in Moro Township, IL
How much do homes in Moro Township, IL cost?
Median Sold Price
$250,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Moro Township was $250,000 in February 2024, down 8.2% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $139K | $210K | +51.1% |
3 Bedrooms | $249.5K | $206.5K | -17.2% |
4 Bedrooms | $337K | $330K | -2.1% |
5+ Bedrooms | $449.9K | $497K | +10.5% |
Summary: Moro 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 increased by 51.1%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
Fort Russell Township | $213.5K | $284K | +33.0% |
Moro | $182.7K | $210K | +14.9% |
Bunker Hill Township | $142.5K | $143.5K | +0.7% |
Moro Township | $272.2K | $250K | -8.2% |
Housing Supply in Moro Township, IL
How many homes are available in Moro Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Summary: The Moro Township real estate market had 12 homes for sale in February 2024, a 7.7% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 4 | 7 | +75.0% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Moro 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 decreased by 50%, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Moro Township in February 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Moro Township, IL
How long does it take to sell a home in Moro Township, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 18 Days | -66.5% |
Summary: Homes in Moro Township had an average of 18 days on market in Feb 2024, down by 66.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Moro Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.