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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Peru Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Peru Township, IL

How much do homes in Peru Township, IL cost?

Median Sold Price

$165,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$40,000(+32.0%)

Key Takeaway

Homes in Peru Township have sold for 32% more than they did a year ago.

Summary: The median home sold price in Peru Township was $165,000 in March 2024, up 32% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $28K-
N/A
2 $100K$137.4K
+37.5%
3 $160K$197.5K
+23.4%
4 $158.7K$170.5K
+7.4%
5+ $187.2K$146.9K
-21.5%

Summary: Peru 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 37.5%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 21.5%.

Median Sold Price Compared To Nearby Cities

Peru Township
+32.0%
Peru
+32.0%
LaSalle Township
-0.9%
LaSalle
-6.5%

Housing Supply in Peru Township, IL

How many homes are available in Peru Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1821+16.7%

Summary: The Peru Township real estate market had 21 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1110
-9.1%
4 46
+50.0%
5+ 13
+200.0%

Summary: The Peru 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 9.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Peru Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Peru Township in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Peru Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
41 Days87 Days+111.7%

Summary: Homes in Peru Township had an average of 87 days on market in Mar 2024, up by 111.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 6 homes were sold in Peru Township; 17% of homes were sold within 30 days, 33% 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 23 Days Ago

Newest Listings in Peru Township, IL

Nearby Markets to Peru Township, IL

What housing markets are near Peru Township, IL?