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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pana Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

How much do homes in Pana Township, IL cost?

Median Sold Price

$92,500

$69/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

+$64,500(+230.4%)

Key Takeaway

Homes in Pana Township have sold for 230.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 --
N/A
3 $28K$92.5K
+230.4%
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Pana Township
+230.4%
Pana
+230.4%

How many homes are available in Pana Township, IL?

Number of Homes For Sale

Dec 2022Jan 2023%
56+20.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 23
+50.0%
3 33
0.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pana Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Breakdown of Home Sale Times

2 Homes Were 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 Pana 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 Pana Township, IL

Pana Township, IL has 6 homes for sale to choose from. The number of homes for sale in Pana Township, IL increased by 20% between December 2022 and January 2023. Between January 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices increased by 230.4%, prices of 4 bedrooms properties increased by 0%, the cost of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes became 50% more available, 3 bedrooms homes did not move, the quantity of 4 bedrooms homes have not changed, volume of 5 bedrooms homes stayed the same. Over 0 listings were sold over their listed price in January 2023 in Pana Township, IL. In the same period over 0 listings were sold below the listed price and 2 listings were sold for the listed price.