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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Owen Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Owen Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Owen Township, IL

How much do homes in Owen Township, IL cost?

Median Sold Price

$265,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$36,500(+16.0%)

Key Takeaway

Homes in Owen Township have sold for 16% more than they did a year ago.

Summary: The median home sold price in Owen Township was $265,000 in March 2024, up 16% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $219.9K$235K
+6.9%
3 $228.5K$256.5K
+12.3%
4 $267.5K$275K
+2.8%
5+ $296K$498.9K
+68.5%

Summary: Owen 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 increased by 6.9%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 68.5%.

Median Sold Price Compared To Nearby Cities

Owen Township
+16.0%
Roscoe
+15.7%
Rockton Township
+13.1%
Machesney Park
+4.9%
Harlem Township
-1.4%

Housing Supply in Owen Township, IL

How many homes are available in Owen Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
53-40.0%

Summary: The Owen 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 32
-33.3%
4 21
-50.0%
5+ 00
0.0%

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

Number of Homes Sold

Feb 2024Mar 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Owen Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Owen Township in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Owen Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
25 Days22 Days-14.3%

Summary: Homes in Owen Township had an average of 22 days on market in Mar 2024, down by 14.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 Owen Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 3 homes were sold in Owen Township; 67% of homes were sold within 30 days, 33% 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 18 Days Ago

Newest Listings in Owen Township, IL

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What housing markets are near Owen Township, IL?