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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Town Township is a buyer's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

Old Town Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Old Town Township, IL cost?

Median Sold Price

$413,750

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$55,000(+15.3%)

Key Takeaway

Homes in Old Town Township have sold for 15.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $110K-
N/A
3 $284K$365.5K
+28.7%
4 $361.4K$430K
+19.0%
5+ $431.2K$421K
-2.4%

Median Sold Price Compared To Nearby Cities

Towanda Township
+23.1%
Old Town Township
+15.3%
Bloomington
+14.3%
Bloomington City Township
+14.2%

How many homes are available in Old Town Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
1517+13.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 46
+50.0%
5+ 77
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
32-33.3%

Asking Price vs. Sold Price

2 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 Old Town 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%
15 Days39 Days+145.7%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Old Town 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 Old Town Township, IL

Old Town Township, IL has 17 homes for sale to choose from. The number of listings in Old Town Township, IL increased by 13.3% between October 2022 and November 2022. Listings spent 39 days on the market in November 2022, and had a median list price of $413,750 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 28.7%, prices of 4 bedrooms properties went up by 19%, prices of 5 bedrooms properties went down by 2.4%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, 3 bedrooms homes did not move, 4 bedrooms homes became 50% more available, the quantity of 5 bedrooms homes have not changed. In November 2022, from all listings sold in Old Town Township, IL there were more than 0 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.

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