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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pecatonica Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Pecatonica Township, IL

How much do homes in Pecatonica Township, IL cost?

Median Sold Price

$250,000

$104/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$56,450(-18.4%)

Key Takeaway

Homes in Pecatonica Township have sold for 18.4% less than they did a month ago.

Summary: The median home sold price in Pecatonica Township was $250,000 in February 2024, down 18.4% from last month, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $168K-
N/A
3 -$239.9K
N/A
4 $335.9K-
N/A
5+ -$395K
N/A

Summary: Pecatonica Township housing prices by bedroom type for February 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 did not change.

Median Sold Price Compared To Nearby Cities

Durand Township
+38.1%
Pecatonica
+28.9%
Pecatonica Township
-18.4%
Burritt Township
-47.3%

Housing Supply in Pecatonica Township, IL

How many homes are available in Pecatonica Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
84-50.0%

Summary: The Pecatonica Township real estate market had 4 homes for sale in February 2024, a 50.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 22
0.0%
4 30
-100.0%
5+ 22
0.0%

Summary: The Pecatonica Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 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 Pecatonica Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Pecatonica Township in February 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Pecatonica Township, IL

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

Average Sale Time

Jan 2024Feb 2024CHANGE
27 Days32 Days+18.8%

Summary: Homes in Pecatonica Township had an average of 32 days on market in Feb 2024, up by 18.8% compared to last month.

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

Summary: During February 2024, 3 homes were sold in Pecatonica 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 27 Days Ago

Newest Listings in Pecatonica Township, IL

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