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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sand Prairie Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Sand Prairie Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Sand Prairie Township, IL

How much do homes in Sand Prairie Township, IL cost?

Median Sold Price

$183,900

$68/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$86,100(-31.9%)

Key Takeaway

Homes in Sand Prairie Township have sold for 31.9% less than they did a month ago.

Summary: The median home sold price in Sand Prairie Township was $183,900 in September 2024, down 31.9% from last month, and the median price per square foot was $68.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $270K$109.9K
-59.3%
4 -$257.9K
N/A
5+ --
N/A

Summary: Sand Prairie Township housing prices by bedroom type for September 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 decreased by 59.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sand Prairie Township
-31.9%
Green Valley
-31.9%

Housing Supply in Sand Prairie Township, IL

How many homes are available in Sand Prairie Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
57+40.0%

Summary: The Sand Prairie Township real estate market had 7 homes for sale in September 2024, a 40.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 23
+50.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Sand Prairie 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 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 Sand Prairie 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 Sand Prairie Township in September 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 Sand Prairie Township, IL

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

Average Sale Time

Aug 2024Sep 2024CHANGE
17 Days42 Days+150.0%

Summary: Homes in Sand Prairie Township had an average of 42 days on market in Sep 2024, up by 150% compared to last month.

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 Sand Prairie Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 2 homes were sold in Sand Prairie 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 9 Days Ago

Newest Listings in Sand Prairie Township, IL

Nearby Markets to Sand Prairie Township, IL

What housing markets are near Sand Prairie Township, IL?