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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rantoul Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Rantoul Township, IL

How much do homes in Rantoul Township, IL cost?

Median Sold Price

$129,950

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$29,950(+29.9%)

Key Takeaway

Homes in Rantoul Township have sold for 30% more than they did a year ago.

Summary: The median home sold price in Rantoul Township was $129,950 in March 2024, up 29.9% from last year, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $65K-
N/A
2 $62K$105.5K
+70.2%
3 $104.5K$130K
+24.4%
4 $146.5K$143.2K
-2.2%
5+ $214.9K$174.5K
-18.8%

Summary: Rantoul 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 increased by 70.2%, 3 bedroom homes increased by 24.4%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 18.8%.

Median Sold Price Compared To Nearby Cities

Rantoul Township
+29.9%
Rantoul
+29.9%
Ludlow Township
+3.7%

Housing Supply in Rantoul Township, IL

How many homes are available in Rantoul Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2022+10.0%

Summary: The Rantoul Township real estate market had 22 homes for sale in March 2024, a 10.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1315
+15.4%
4 31
-66.7%
5+ 12
+100.0%

Summary: The Rantoul 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 increased by 33.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

1 Home Was 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 Rantoul Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Rantoul Township in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Rantoul Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
60 Days35 Days-41.7%

Summary: Homes in Rantoul Township had an average of 35 days on market in Mar 2024, down by 41.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 5 homes were sold in Rantoul Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 22 Days Ago

Newest Listings in Rantoul Township, IL

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