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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Randolph Township is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Randolph Township, IL cost?

Median Sold Price

$186,500

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$1,750(+0.9%)

Key Takeaway

Homes in Randolph Township have sold for 0.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$205K
N/A
2 $160.4K$106K
-33.9%
3 $150.5K$215K
+42.9%
4 $215K$185K
-14.0%
5+ $142K$195K
+37.3%

Median Sold Price Compared To Nearby Cities

Randolph Township
+0.9%
Heyworth
-2.9%

How many homes are available in Randolph Township, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
1816-11.1%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 32
-33.3%
3 108
-20.0%
4 44
0.0%
5+ 01
+100.0%

Number of Homes Sold

Jul 2022Aug 2022%
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Randolph Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
6 Days5 Days-14.7%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Randolph Township are selling fast, if you're buying plan to act quickly.

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

About Randolph Township, IL

Randolph Township, IL has 16 homes for sale to choose from. The number of homes for sale in Randolph Township, IL decreased by 11.1% between July 2022 and August 2022. In August 2022 median list price was $186,500 and the average listing age was 5 days. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 33.9% more cheaper, the cost of 3 bedrooms properties went up by 42.9%, the cost of 4 bedrooms properties went down by 14%, 5 bedrooms properties became 37.3% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 33.3%, 3 bedrooms homes became 20% less available, 4 bedrooms homes inventory did not change, 5 bedrooms homes inventory increased by 100%. In August 2022, from all listings sold in Randolph Township, IL there were more than 4 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.

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