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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Patton Township is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Patton Township, IL

How much do homes in Patton Township, IL cost?

Median Sold Price

$146,700

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$22,950(+18.5%)

Key Takeaway

Homes in Patton Township have sold for 18.5% more than they did a year ago.

Summary: The median home sold price in Patton Township was $146,700 in September 2024, up 18.5% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $55.7K-
N/A
2 $82.5K$93K
+12.7%
3 $135K$139K
+3.0%
4 $157.5K$165K
+4.8%
5+ $65K$155K
+138.5%

Summary: Patton Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 138.5%.

Median Sold Price Compared To Nearby Cities

Ludlow Township
+22.8%
Paxton
+21.8%
Patton Township
+18.5%

Housing Supply in Patton Township, IL

How many homes are available in Patton Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
16160.0%

Summary: The Patton Township real estate market had 16 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 89
+12.5%
4 33
0.0%
5+ 00
0.0%

Summary: The Patton Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
42-50.0%

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 Patton Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Patton Township in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Patton Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
29 Days107 Days+259.1%

Summary: Homes in Patton Township had an average of 107 days on market in Sep 2024, up by 259.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Patton Township has remained consistent over time.

Summary: During September 2024, 2 homes were sold in Patton Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 30 Days Ago

Newest Listings in Patton Township, IL

Nearby Markets to Patton Township, IL

What housing markets are near Patton Township, IL?