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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norton Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Norton Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Norton Township, IL

How much do homes in Norton Township, IL cost?

Median Sold Price

$175,000

$109/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

-$38,000(-17.8%)

Key Takeaway

Homes in Norton Township have sold for 17.8% less than they did a month ago.

Summary: The median home sold price in Norton Township was $175,000 in June 2024, down 17.8% from last month, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 --
N/A
3 -$175K
N/A
4 $213K-
N/A
5+ --
N/A

Summary: Norton Township housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Norton Township, IL

How many homes are available in Norton Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
54-20.0%

Summary: The Norton Township real estate market had 4 homes for sale in June 2024, a 20.0% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Norton Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 Norton Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Norton Township in June 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Norton Township, IL

How long does it take to sell a home in Norton Township, IL?

Average Sale Time

May 2024Jun 2024CHANGE
146 Days2 Days-98.6%

Summary: Homes in Norton Township had an average of 2 days on market in Jun 2024, down by 98.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Norton Township are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 1 homes were sold in Norton 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.

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

Report Updated 12 Days Ago

Newest Listings in Norton Township, IL

Nearby Markets to Norton Township, IL