Is Rutland Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Rutland Township was a Seller's Market.
Housing Prices in Rutland Township, IL
How much do homes in Rutland Township, IL cost?
Median Sold Price
$130,000
$102/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Rutland Township was $130,000 in March 2024, down 10% from last month, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $96.5K | - | N/A |
3 Bedrooms | $283.2K | $130K | -54.1% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Rutland Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 54.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Rutland Township, IL
How many homes are available in Rutland Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 20 | +33.3% |
Summary: The Rutland Township real estate market had 20 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 0 | 2 | +100.0% |
5+ Bedrooms | 0 | 1 | +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 increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Rutland Township in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 26 Days | -60.8% |
Summary: Homes in Rutland Township had an average of 26 days on market in Mar 2024, down by 60.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Rutland Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.