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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Princeville Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Princeville Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Princeville Township, IL

How much do homes in Princeville Township, IL cost?

Median Sold Price

$176,000

$73/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$50,000(+39.7%)

Key Takeaway

Homes in Princeville Township have sold for 39.7% more than they did a year ago.

Summary: The median home sold price in Princeville Township was $176,000 in April 2024, up 39.7% from last year, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $82K$114.7K
+39.9%
3 $140.2K$203K
+44.8%
4 $133K$111.5K
-16.2%
5+ $251.2K$372.5K
+48.3%

Summary: Princeville Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.9%, 3 bedroom homes increased by 44.8%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes increased by 48.3%.

Median Sold Price Compared To Nearby Cities

Princeville Township
+39.7%
Princeville
+27.5%

Housing Supply in Princeville Township, IL

How many homes are available in Princeville Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
65-16.7%

Summary: The Princeville Township real estate market had 5 homes for sale in April 2024, a 16.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 42
-50.0%
4 00
0.0%
5+ 12
+100.0%

Summary: The Princeville Township housing inventory by bedroom type for April 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Princeville Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Princeville Township in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Princeville Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
128 Days22 Days-82.8%

Summary: Homes in Princeville Township had an average of 22 days on market in Apr 2024, down by 82.8% compared to last year.

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 Princeville Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Princeville 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 16 Days Ago

Newest Listings in Princeville Township, IL

Nearby Markets to Princeville Township, IL