Is Salem Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Salem Township has remained a Seller's Market.
Housing Prices in Salem Township, IL
How much do homes in Salem Township, IL cost?
Median Sold Price
$149,500
$105/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Salem Township was $149,500 in April 2024, down 9.4% from last month, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $129.2K | N/A |
3 Bedrooms | $107.9K | $150.5K | +39.5% |
4 Bedrooms | $184.5K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Salem Township housing prices by bedroom type for April 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 increased by 39.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Salem Township, IL
How many homes are available in Salem Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 40 | 0.0% |
Summary: The Salem Township real estate market had 40 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 6 | 3 | -50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Salem Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Salem Township in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Salem Township, IL
How long does it take to sell a home in Salem Township, IL?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 32 Days | -55.5% |
Summary: Homes in Salem Township had an average of 32 days on market in Apr 2024, down by 55.5% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Salem Township; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.