Is Plato Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Plato Township was a Seller's Market.
Housing Prices in Plato Township, IL
How much do homes in Plato Township, IL cost?
Median Sold Price
$509,990
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Plato Township was $509,990 in March 2024, up 5.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $405K | - | N/A |
2 Bedrooms | $357K | $397K | +11.2% |
3 Bedrooms | $362K | $405K | +11.9% |
4 Bedrooms | $510.2K | $534.9K | +4.9% |
5+ Bedrooms | $563.6K | $564.9K | 0.2% |
Summary: Plato 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 11.2%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
Pingree Grove | $260.6K | $305K | +17.0% |
Elgin | $269.9K | $305.1K | +13.0% |
Campton Hills | $542.5K | $610K | +12.4% |
Rutland Township | $298.2K | $315K | +5.6% |
Plato Township | $485K | $509.9K | +5.2% |
Housing Supply in Plato Township, IL
How many homes are available in Plato Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 68 | +44.7% |
Summary: The Plato Township real estate market had 68 homes for sale in March 2024, a 44.7% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 13 | 20 | +53.8% |
4 Bedrooms | 23 | 35 | +52.2% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Plato 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 increased by 25%, 3 bedroom homes increased by 53.8%, 4 bedroom homes increased by 52.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Plato Township in March 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Plato Township, IL
How long does it take to sell a home in Plato Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 65 Days | +263.0% |
Summary: Homes in Plato Township had an average of 65 days on market in Mar 2024, up by 263% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Plato Township; 10% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.