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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moro Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

-$22,250(-8.2%)

Key Takeaway

Homes in Moro Township have sold for 8.2% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $139K$210K
+51.1%
3 $249.5K$206.5K
-17.2%
4 $337K$330K
-2.1%
5+ $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
+33.0%
Moro
+14.9%
Bunker Hill Township
+0.7%
Moro Township
-8.2%

Housing Supply in Moro Township, IL

How many homes are available in Moro Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1312-7.7%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 47
+75.0%
4 74
-42.9%
5+ 00
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 2024Feb 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moro Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

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 2023Feb 2024CHANGE
55 Days18 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Moro Township, IL

Nearby Markets to Moro Township, IL

What housing markets are near Moro Township, IL?