Is Peru Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Peru Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $28K | - | N/A |
2 Bedrooms | $100K | $137.4K | +37.5% |
3 Bedrooms | $160K | $197.5K | +23.4% |
4 Bedrooms | $158.7K | $170.5K | +7.4% |
5+ Bedrooms | $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 | $125K | $165K | +32.0% |
Peru | $125K | $165K | +32.0% |
LaSalle Township | $110K | $109K | -0.9% |
LaSalle | $115K | $107.5K | -6.5% |
Housing Supply in Peru Township, IL
How many homes are available in Peru Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 21 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 1 | 3 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 87 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
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.