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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saline Township is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Saline Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Saline Township, IL

How much do homes in Saline Township, IL cost?

Median Sold Price

$265,000

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$25,000(-8.6%)

Key Takeaway

Homes in Saline Township have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Saline Township was $265,000 in September 2024, down 8.6% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $93K$135K
+45.2%
2 $176K$168K
-4.5%
3 $290K$275K
-5.2%
4 $412K$305K
-26.0%
5+ $451.2K$525K
+16.3%

Summary: Saline Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.2%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 26%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Cities

Highland
+12.2%
Saline Township
-8.6%

Housing Supply in Saline Township, IL

How many homes are available in Saline Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2724-11.1%

Summary: The Saline Township real estate market had 24 homes for sale in September 2024, a 11.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 59
+80.0%
3 137
-46.2%
4 65
-16.7%
5+ 33
0.0%

Summary: The Saline Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 46.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saline Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Saline Township in September 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.

Days on Market for Saline Township, IL

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

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 10 homes were sold in Saline Township; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 13 Days Ago

Newest Listings in Saline Township, IL

Nearby Markets to Saline Township, IL

What housing markets are near Saline Township, IL?