Is Nameoki 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, Nameoki Township has remained a Seller's Market.
Key Takeaway
Nameoki Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nameoki Township, IL
How much do homes in Nameoki Township, IL cost?
Median Sold Price
$157,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Nameoki Township have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Nameoki Township was $157,000 in March 2024, up 12.5% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30.7K | - | N/A |
| 2 Bedrooms | $75K | $95K | +26.7% |
| 3 Bedrooms | $150K | $157K | +4.7% |
| 4 Bedrooms | $207.5K | $175.5K | -15.4% |
| 5+ Bedrooms | $195.7K | $349K | +78.3% |
Summary: Nameoki Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 78.3%.
Median Sold Price Compared To Nearby Cities
| Pontoon Beach | $150K | $186K | +24.0% |
| Granite City Township | $102.6K | $120K | +16.9% |
| Granite City | $104.9K | $120K | +14.4% |
| Nameoki Township | $139.5K | $157K | +12.5% |
Housing Supply in Nameoki Township, IL
How many homes are available in Nameoki Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 31 | +29.2% |
Summary: The Nameoki Township real estate market had 31 homes for sale in March 2024, a 29.2% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 12 | 18 | +50.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Nameoki 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nameoki Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Nameoki Township in March 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Nameoki Township, IL
How long does it take to sell a home in Nameoki Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 68 Days | +57.5% |
Summary: Homes in Nameoki Township had an average of 68 days on market in Mar 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Nameoki Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 7 homes were sold in Nameoki Township; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.