Is Raccoon 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, Raccoon Township has remained a Seller's Market.
Key Takeaway
Raccoon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raccoon Township, IL
How much do homes in Raccoon Township, IL cost?
Median Sold Price
$103,000
$60/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Raccoon Township have sold for 39.4% less than they did a year ago.
Summary: The median home sold price in Raccoon Township was $103,000 in March 2024, down 39.4% from last year, and the median price per square foot was $60.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $146.7K | N/A |
| 2 Bedrooms | $260K | $69.9K | -73.1% |
| 3 Bedrooms | $157.4K | $90K | -42.8% |
| 4 Bedrooms | $119K | $150K | +26.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Raccoon 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 decreased by 73.1%, 3 bedroom homes decreased by 42.8%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Salem Township | $105K | $129.7K | +23.5% |
| Centralia Township | $90K | $98K | +8.9% |
| Raccoon Township | $169.9K | $103K | -39.4% |
Housing Supply in Raccoon Township, IL
How many homes are available in Raccoon Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Raccoon Township real estate market had 5 homes for sale in March 2024, the same as 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 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Raccoon 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raccoon Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Raccoon Township in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Raccoon Township, IL
How long does it take to sell a home in Raccoon Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 6 Days | -89.8% |
Summary: Homes in Raccoon Township had an average of 6 days on market in Mar 2024, down by 89.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Raccoon Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Raccoon Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.