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 November 2021

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.

How much do homes in Rutland Township, IL cost?

Median Sold Price

$296,900

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$37,900(+14.6%)

Key Takeaway

Homes in Rutland Township have sold for 14.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $198.9K$213.5K
+7.3%
2 $241.6K$269.3K
+11.5%
3 $237.6K$284.5K
+19.7%
4 $360K$406K
+12.8%
5+ $382.5K$395K
+3.3%

Median Sold Price Compared To Nearby Cities

Hampshire
+24.3%
Gilberts
+17.2%
Rutland Township
+14.6%
Huntley
+12.3%
Pingree Grove
+8.7%

How many homes are available in Rutland Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
1091090.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 01
+100.0%
2 5448
-11.1%
3 3529
-17.1%
4 1926
+36.8%
5+ 15
+400.0%

Number of Homes Sold

Oct 2022Nov 2022%
4624-47.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 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. 45.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
21 Days16 Days-22.1%

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Rutland Township, IL

Rutland Township, IL has 109 homes on the market. Listings spent 16 days on the market in November 2022, and had a median list price of $296,900 during the same period. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 7.3% more expensive, prices of 2 bedrooms properties increased by 11.5%, prices of 3 bedrooms properties went up by 19.7%, prices of 4 bedrooms properties went up by 12.8%, the cost of 5 bedrooms properties went up by 3.3%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 100%, the quantity of 2 bedrooms homes went down by 11.1%, number of 3 bedrooms homes decreased by 17.1%, volume of 4 bedrooms homes went up by 36.8%, 5 bedrooms homes inventory increased by 400%. While more than 9 listings in Rutland Township, IL in November 2022 were sold above asking price, there were more than 4 listings sold at asking price, and more than 11 were sold below.

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