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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Hope Township is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Mount Hope Township, IL cost?

Median Sold Price

$152,000

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$37,000(+32.2%)

Key Takeaway

Homes in Mount Hope Township have sold for 32.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $82.2K-
N/A
2 $117.9K$93K
-21.2%
3 $117.5K$169.9K
+44.6%
4 $185K$185.2K
0.1%
5+ $202.5K-
N/A

Median Sold Price Compared To Nearby Cities

Mount Hope Township
+32.2%
Mc Lean
+11.3%
Atlanta Township
-23.4%

How many homes are available in Mount Hope Township, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
880.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 11
0.0%
3 55
0.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
17+600.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Hope Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
1 Days9 Days+528.6%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mount Hope Township, IL

Mount Hope Township, IL has 8 homes on the market. In August 2022, listings were on the market for 9 days. During the same period, the median list price in this real estate market was $152,000. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went down by 21.2%, 3 bedrooms properties prices increased by 44.6%, 4 bedrooms properties prices increased by 0.1%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes did not move, number of 4 bedrooms homes remained the same, 5 bedrooms homes did not move. In August 2022, from all listings sold in Mount Hope Township, IL there were more than 1 sold above asking price, over 5 sold below and more than 1 were sold right at the asked price.