Is Sandwich 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, Sandwich Township has remained a Seller's Market.
Housing Prices in Sandwich Township, IL
How much do homes in Sandwich Township, IL cost?
Median Sold Price
$289,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sandwich Township was $289,000 in March 2024, up 20.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $187K | $180.5K | -3.5% |
3 Bedrooms | $249.9K | $288K | +15.2% |
4 Bedrooms | $264.5K | $334.9K | +26.6% |
5+ Bedrooms | $270K | $354K | +31.1% |
Summary: Sandwich 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 decreased by 3.5%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 31.1%.
Median Sold Price Compared To Nearby Cities
Sandwich | $236K | $289K | +22.5% |
Northville Township | $285K | $346.5K | +21.6% |
Sandwich Township | $240K | $289K | +20.4% |
Somonauk Township | $230K | $260K | +13.0% |
Little Rock Township | $225K | $239.6K | +6.5% |
Housing Supply in Sandwich Township, IL
How many homes are available in Sandwich Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 37 | +32.1% |
Summary: The Sandwich Township real estate market had 37 homes for sale in March 2024, a 32.1% increase 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 | 8 | +100.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Sandwich 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 100%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Sandwich Township in March 2024, the same as the previous month. Of the 9 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.
Days on Market for Sandwich Township, IL
How long does it take to sell a home in Sandwich Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 55 Days | +6.6% |
Summary: Homes in Sandwich Township had an average of 55 days on market in Mar 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Sandwich Township; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.