Is Morton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Morton Township has remained a Seller's Market.
Housing Prices in Morton Township, IL
How much do homes in Morton Township, IL cost?
Median Sold Price
$246,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morton Township was $246,000 in April 2024, up 8% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | - | N/A |
2 Bedrooms | $147.5K | $168.4K | +14.1% |
3 Bedrooms | $186.5K | $220.7K | +18.4% |
4 Bedrooms | $292.5K | $280K | -4.3% |
5+ Bedrooms | $432.5K | $425K | -1.7% |
Summary: Morton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Groveland Township | $140.5K | $160K | +13.9% |
Morton | $227.5K | $246K | +8.1% |
Morton Township | $227.7K | $246K | +8.0% |
Tremont Township | $212.5K | $189.5K | -10.8% |
Housing Supply in Morton Township, IL
How many homes are available in Morton Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 52 | 0.0% |
Summary: The Morton Township real estate market had 52 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 23 | 21 | -8.7% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Morton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 21 | +31.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Morton Township in April 2024, up by 31.3% month-over-month. Of the 21 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% were sold over asking.
Days on Market for Morton Township, IL
How long does it take to sell a home in Morton Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 5 Days | -81.7% |
Summary: Homes in Morton Township had an average of 5 days on market in Apr 2024, down by 81.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Morton Township; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.