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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salina Township is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Salina Township, IL

How much do homes in Salina Township, IL cost?

Median Sold Price

$186,500

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$78,000(-29.5%)

Key Takeaway

Homes in Salina Township have sold for 29.5% less than they did a year ago.

Summary: The median home sold price in Salina Township was $186,500 in June 2024, down 29.5% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $135K$169.9K
+25.9%
3 $230K$186.5K
-18.9%
4 $445K$275K
-38.2%
5+ $264.5K-
N/A

Summary: Salina Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.9%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 38.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Salina Township
-29.5%
Bonfield
-31.6%

Housing Supply in Salina Township, IL

How many homes are available in Salina Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
35+66.7%

Summary: The Salina Township real estate market had 5 homes for sale in June 2024, a 66.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 23
+50.0%
4 02
+100.0%
5+ 00
0.0%

Summary: The Salina Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were 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 Salina Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Salina Township in June 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Salina Township, IL

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

Average Sale Time

Jun 2023Jun 2024CHANGE
65 Days7 Days-89.2%

Summary: Homes in Salina Township had an average of 7 days on market in Jun 2024, down by 89.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 1 homes were sold in Salina Township; 100% of homes were sold within 30 days, 0% 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 20 Days Ago

Newest Listings in Salina Township, IL

Nearby Markets to Salina Township, IL

What housing markets are near Salina Township, IL?