Is Pin Oak 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, Pin Oak Township has remained a Seller's Market.
Housing Prices in Pin Oak Township, IL
How much do homes in Pin Oak Township, IL cost?
Median Sold Price
$425,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pin Oak Township was $425,000 in March 2024, up 7.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $325K | $340.9K | +4.9% |
3 Bedrooms | $365K | $354.2K | -2.9% |
4 Bedrooms | $425K | $473K | +11.3% |
5+ Bedrooms | $504.9K | $550K | +8.9% |
Summary: Pin Oak 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 4.9%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
Troy | $275K | $333.7K | +21.4% |
Pin Oak Township | $393.9K | $425K | +7.9% |
Edwardsville Township | $292.4K | $314.9K | +7.7% |
Edwardsville | $295.2K | $305K | +3.3% |
Housing Supply in Pin Oak Township, IL
How many homes are available in Pin Oak Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Summary: The Pin Oak Township real estate market had 17 homes for sale in March 2024, a 6.3% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Pin Oak 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 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Pin Oak Township in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Pin Oak Township, IL
How long does it take to sell a home in Pin Oak Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
123 Days | 81 Days | -33.6% |
Summary: Homes in Pin Oak Township had an average of 81 days on market in Mar 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Pin Oak Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.