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 March 2023

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.

Housing Prices in Old Town Township, IL

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

Median Sold Price

$342,450

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$75,050(-18.0%)

Key Takeaway

Homes in Old Town Township have sold for 18% less than they did a year ago.

Summary: The median home sold price in Old Town Township was $342,450 in March 2024, down 18% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 -$69K
N/A
3 $400K$285.2K
-28.7%
4 $407.5K$335K
-17.8%
5+ $510K$500K
-2.0%

Summary: Old Town 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 did not change, 3 bedroom homes decreased by 28.7%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Cities

Bloomington
+12.7%
Bloomington City Township
+8.6%
Towanda Township
0.2%
Old Town Township
-18.0%

Housing Supply in Old Town Township, IL

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1318+38.5%

Summary: The Old Town Township real estate market had 18 homes for sale in March 2024, a 38.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 47
+75.0%
4 68
+33.3%
5+ 33
0.0%

Summary: The Old Town 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 remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was 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, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Old Town Township in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Old Town Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
37 Days3 Days-91.9%

Summary: Homes in Old Town Township had an average of 3 days on market in Mar 2024, down by 91.9% compared to last year.

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 Old Town Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in Old Town 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 11 Days Ago

Newest Listings in Old Town Township, IL

Nearby Markets to Old Town Township, IL

What housing markets are near Old Town Township, IL?