Is Reed Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Reed Township has remained a Seller's Market.
Housing Prices in Reed Township, IL
How much do homes in Reed Township, IL cost?
Median Sold Price
$220,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Reed Township was $220,000 in June 2024, up 9.2% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | $113K | +17.7% |
2 Bedrooms | $170K | $174.5K | +2.6% |
3 Bedrooms | $225K | $247.5K | +10.0% |
4 Bedrooms | $304.9K | $300K | -1.6% |
5+ Bedrooms | $385K | $385K | 0.0% |
Summary: Reed Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Braceville Township | $213K | $237K | +11.3% |
Reed Township | $201.5K | $220K | +9.2% |
Braidwood | $201.5K | $220K | +9.2% |
Housing Supply in Reed Township, IL
How many homes are available in Reed Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
42 | 40 | -4.8% |
Summary: The Reed Township real estate market had 40 homes for sale in June 2024, a 4.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 19 | 14 | -26.3% |
4 Bedrooms | 5 | 10 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Reed Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Reed Township in June 2024, down by 38.5% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Reed Township, IL
How long does it take to sell a home in Reed Township, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
19 Days | 11 Days | -42.5% |
Summary: Homes in Reed Township had an average of 11 days on market in Jun 2024, down by 42.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 8 homes were sold in Reed Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.