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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pilot Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Pilot Township, IL

How much do homes in Pilot Township, IL cost?

Median Sold Price

$312,712

$157/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

+$97,712(+45.4%)

Key Takeaway

Homes in Pilot Township have sold for 45.4% more than they did a month ago.

Summary: The median home sold price in Pilot Township was $312,712 in June 2024, up 45.4% from last month, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 $215K-
N/A
3 $220K$396K
+80.0%
4 -$229.4K
N/A
5+ $198K-
N/A

Summary: Pilot Township housing prices by bedroom type for June 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 increased by 80%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pilot Township
+45.4%
Herscher
+6.7%

Housing Supply in Pilot Township, IL

How many homes are available in Pilot Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
76-14.3%

Summary: The Pilot Township real estate market had 6 homes for sale in June 2024, a 14.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 33
0.0%
4 23
+50.0%
5+ 10
-100.0%

Summary: The Pilot Township housing inventory by bedroom type for June 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 increased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

May 2024Jun 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 Pilot Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Pilot Township in June 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Pilot Township, IL

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

Average Sale Time

May 2024Jun 2024CHANGE
56 Days39 Days-29.9%

Summary: Homes in Pilot Township had an average of 39 days on market in Jun 2024, down by 29.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Pilot Township are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 2 homes were sold in Pilot Township; 50% of homes were sold within 30 days, 50% 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 12 Days Ago

Newest Listings in Pilot Township, IL

Nearby Markets to Pilot Township, IL

What housing markets are near Pilot Township, IL?