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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plato Township is a buyer's market

Buyer's
Market

Difference Since December 2021

At the same time last year, Plato Township was a Seller's Market.

Key Takeaway

Plato Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Plato Township, IL cost?

Median Sold Price

$471,500

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$56,500(+13.6%)

Key Takeaway

Homes in Plato Township have sold for 13.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 -$405K
N/A
2 $340K$365.5K
+7.5%
3 $325K$365K
+12.3%
4 $438.7K$496.5K
+13.2%
5+ $539.5K$563.6K
+4.5%

Median Sold Price Compared To Nearby Cities

Rutland Township
+14.7%
Plato Township
+13.6%
Elgin
+10.2%
Pingree Grove
+9.4%
Campton Hills
+9.0%

How many homes are available in Plato Township, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
66660.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 33
0.0%
3 1718
+5.9%
4 3133
+6.5%
5+ 1512
-20.0%

Number of Homes Sold

Nov 2022Dec 2022%
168-50.0%

Asking Price vs. Sold Price

5 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 Plato Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
72 Days43 Days-40.1%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Plato Township has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Plato Township, IL

Plato Township, IL has 66 homes on the market. The median list price of listings available in December 2022 was $471,500, while the average time on the real estate market was 43 days. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 7.5%, prices of 3 bedrooms properties went up by 12.3%, prices of 4 bedrooms properties went up by 13.2%, 5 bedrooms properties prices increased by 4.5%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 5.9% more available, volume of 4 bedrooms homes went up by 6.5%, volume of 5 bedrooms homes went down by 20%. Plato Township, IL housing market in December 2022 saw over 1 listings sold above listed price, more than 2 sold at listed price and over 5 sold below.

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