Is Saline Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Saline Township has remained a Seller's Market.
Housing Prices in Saline Township, IL
How much do homes in Saline Township, IL cost?
Median Sold Price
$275,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Saline Township was $275,000 in March 2024, down 2.5% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $114K | N/A |
2 Bedrooms | $119.5K | $188K | +57.3% |
3 Bedrooms | $275K | $280K | +1.8% |
4 Bedrooms | $332.5K | $309.6K | -6.9% |
5+ Bedrooms | $489.5K | $451.2K | -7.8% |
Summary: Saline 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 57.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
Highland | $197.5K | $213.7K | +8.2% |
Saline Township | $281.9K | $275K | -2.5% |
Housing Supply in Saline Township, IL
How many homes are available in Saline Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Summary: The Saline Township real estate market had 19 homes for sale in March 2024, a 5.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 11 | 8 | -27.3% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Saline 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 increased by 50%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Saline Township in March 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Saline Township, IL
How long does it take to sell a home in Saline Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 48 Days | -41.6% |
Summary: Homes in Saline Township had an average of 48 days on market in Mar 2024, down by 41.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Saline Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.