Is Pontiac 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, Pontiac Township has remained a Seller's Market.
Housing Prices in Pontiac Township, IL
How much do homes in Pontiac Township, IL cost?
Median Sold Price
$130,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pontiac Township was $130,000 in March 2024, up 13% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $51.9K | +15.4% |
2 Bedrooms | $85K | $84K | -1.2% |
3 Bedrooms | $130K | $139.5K | +7.3% |
4 Bedrooms | $169K | $221.5K | +31.1% |
5+ Bedrooms | $215K | $192.5K | -10.5% |
Summary: Pontiac Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
Pontiac | $114.9K | $130K | +13.1% |
Pontiac Township | $115K | $130K | +13.0% |
Housing Supply in Pontiac Township, IL
How many homes are available in Pontiac Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 32 | -11.1% |
Summary: The Pontiac Township real estate market had 32 homes for sale in March 2024, a 11.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 16 | 14 | -12.5% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Pontiac Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Pontiac Township in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for Pontiac Township, IL
How long does it take to sell a home in Pontiac Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 36 Days | +98.5% |
Summary: Homes in Pontiac Township had an average of 36 days on market in Mar 2024, up by 98.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Pontiac Township; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.