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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Otter Creek Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Otter Creek Township, IL

How much do homes in Otter Creek Township, IL cost?

Median Sold Price

$285,000

$126/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$2,500(+0.9%)

Key Takeaway

Homes in Otter Creek Township have sold for 0.9% more than they did a month ago.

Summary: The median home sold price in Otter Creek Township was $285,000 in March 2024, up 0.9% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $135K-
N/A
4 --
N/A
5+ $430K$285K
-33.7%

Summary: Otter Creek Township housing prices by bedroom type for March 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 decreased by 33.7%.

Housing Supply in Otter Creek Township, IL

How many homes are available in Otter Creek Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
53-40.0%

Summary: The Otter Creek Township real estate market had 3 homes for sale in March 2024, a 40.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 00
0.0%
5+ 32
-33.3%

Summary: The Otter Creek 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 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 Otter Creek 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 Otter Creek Township in March 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 Otter Creek Township, IL

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

Average Sale Time

Feb 2024Mar 2024CHANGE
122 Days137 Days+11.8%

Summary: Homes in Otter Creek Township had an average of 137 days on market in Mar 2024, up by 11.8% compared to last month.

Breakdown of Home Sale Times

0 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

Most homes in Otter Creek Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 1 homes were sold in Otter Creek Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 15 Days Ago

Newest Listings in Otter Creek Township, IL

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What housing markets are near Otter Creek Township, IL?