Is Newport Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Newport Township was a Seller's Market.
Housing Prices in Newport Township, IL
How much do homes in Newport Township, IL cost?
Median Sold Price
$350,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Newport Township was $350,000 in March 2024, up 3.6% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $212.5K | $214.4K | +0.9% |
3 Bedrooms | $328.6K | $307K | -6.6% |
4 Bedrooms | $348K | $502.5K | +44.4% |
5+ Bedrooms | $600.4K | $502.5K | -16.3% |
Summary: Newport 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 0.9%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 16.3%.
Median Sold Price Compared To Nearby Cities
Zion Township | $180.5K | $215K | +19.1% |
Wadsworth | $378.3K | $400K | +5.7% |
Newport Township | $337.9K | $350K | +3.6% |
Beach Park | $245K | $245.4K | 0.2% |
Housing Supply in Newport Township, IL
How many homes are available in Newport Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Newport Township real estate market had 23 homes for sale in March 2024, a 4.5% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Newport 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 decreased by 11.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Newport Township in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Newport Township, IL
How long does it take to sell a home in Newport Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 12 Days | -68.5% |
Summary: Homes in Newport Township had an average of 12 days on market in Mar 2024, down by 68.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Newport Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.