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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newport Township is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Newport Township was a Seller's Market.

Key Takeaway

Newport Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Newport Township, IL cost?

Median Sold Price

$332,500

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$32,500(+10.8%)

Key Takeaway

Homes in Newport Township have sold for 10.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $107K-
N/A
2 $170K$195K
+14.7%
3 $270K$303K
+12.2%
4 $335K$355.8K
+6.2%
5+ $514.9K$480K
-6.8%

Median Sold Price Compared To Nearby Cities

Zion Township
+12.4%
Newport Township
+10.8%
Beach Park
+10.7%
Wadsworth
+2.7%

How many homes are available in Newport Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
3025-16.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 33
0.0%
3 114
-63.6%
4 1011
+10.0%
5+ 56
+20.0%

Number of Homes Sold

Oct 2022Nov 2022%
124-66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newport Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
25 Days34 Days+34.4%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newport 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 Newport Township, IL

Newport Township, IL has 25 homes on the market. The number of homes for sale in Newport Township, IL decreased by 16.7% between October 2022 and November 2022. In November 2022 median list price was $332,500 and the average listing age was 34 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 14.7%, prices of 3 bedrooms properties increased by 12.2%, 4 bedrooms properties became 6.2% more expensive, 5 bedrooms properties prices decreased by 6.8%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes decreased by 63.6%, 4 bedrooms homes became 10% more available, 5 bedrooms homes inventory increased by 20%. Over 0 listings were sold over their listed price in November 2022 in Newport Township, IL. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price.

Related Housing Market Reports