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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutland Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Rutland Township, IL

How much do homes in Rutland Township, IL cost?

Median Sold Price

$315,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$16,750(+5.6%)

Key Takeaway

Homes in Rutland Township have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Rutland Township was $315,000 in March 2024, up 5.6% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $220K$235K
+6.8%
2 $275K$292.5K
+6.4%
3 $286K$303K
+5.9%
4 $408K$405K
-0.7%
5+ $404K$471K
+16.6%

Summary: Rutland Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 16.6%.

Median Sold Price Compared To Nearby Cities

Pingree Grove
+17.0%
Hampshire
+14.9%
Gilberts
+9.9%
Rutland Township
+5.6%
Huntley
+1.4%

Housing Supply in Rutland Township, IL

How many homes are available in Rutland Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
103114+10.7%

Summary: The Rutland Township real estate market had 114 homes for sale in March 2024, a 10.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 6168
+11.5%
3 3234
+6.3%
4 911
+22.2%
5+ 01
+100.0%

Summary: The Rutland Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2936+24.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutland Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Rutland Township in March 2024, up by 24.1% month-over-month. Of the 36 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.

Days on Market for Rutland Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
22 Days40 Days+83.8%

Summary: Homes in Rutland Township had an average of 40 days on market in Mar 2024, up by 83.8% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 36 homes were sold in Rutland Township; 58% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 22% 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 24 Days Ago

Newest Listings in Rutland Township, IL

Nearby Markets to Rutland Township, IL

What housing markets are near Rutland Township, IL?