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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Okawville Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Okawville Township was a Seller's Market.

Key Takeaway

Okawville 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.

Housing Prices in Okawville Township, IL

How much do homes in Okawville Township, IL cost?

Median Sold Price

$178,000

$93/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$147,000(-45.2%)

Key Takeaway

Homes in Okawville Township have sold for 45.2% less than they did a month ago.

Summary: The median home sold price in Okawville Township was $178,000 in February 2024, down 45.2% from last month, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $325K$178K
-45.2%
4 --
N/A
5+ --
N/A

Summary: Okawville Township housing prices by bedroom type for February 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 decreased by 45.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Okawville Township, IL

How many homes are available in Okawville Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
86-25.0%

Summary: The Okawville Township real estate market had 6 homes for sale in February 2024, a 25.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 53
-40.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Okawville Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

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 Okawville 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 Okawville Township in February 2024, down by 50.0% month-over-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 Okawville Township, IL

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

Average Sale Time

Jan 2024Feb 2024CHANGE
32 Days11 Days-66.2%

Summary: Homes in Okawville Township had an average of 11 days on market in Feb 2024, down by 66.2% 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 Okawville Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Okawville 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 28 Days Ago

Newest Listings in Okawville Township, IL

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