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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Joseph Township is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Saint Joseph Township was a Seller's Market.

Key Takeaway

Saint Joseph Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Saint Joseph Township, IL

How much do homes in Saint Joseph Township, IL cost?

Median Sold Price

$220,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$2,000(-0.9%)

Key Takeaway

Homes in Saint Joseph Township have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Saint Joseph Township was $220,000 in March 2024, down 0.9% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $145K$172.5K
+19.0%
3 $210K$220K
+4.8%
4 $266K$269K
+1.1%
5+ $332.5K$265K
-20.3%

Summary: Saint Joseph 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 19%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 20.3%.

Median Sold Price Compared To Nearby Cities

Sidney Township
+52.4%
South Homer Township
+9.3%
Saint Joseph Township
-0.9%
Saint Joseph
-4.7%

Housing Supply in Saint Joseph Township, IL

How many homes are available in Saint Joseph Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
813+62.5%

Summary: The Saint Joseph Township real estate market had 13 homes for sale in March 2024, a 62.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 38
+166.7%
4 34
+33.3%
5+ 00
0.0%

Summary: The Saint Joseph 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 decreased by 50%, 3 bedroom homes increased by 166.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Saint Joseph Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Saint Joseph Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
4 Days43 Days+975.0%

Summary: Homes in Saint Joseph Township had an average of 43 days on market in Mar 2024, up by 975% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Saint Joseph Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 Saint Joseph Township, IL

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