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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sandwich Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$49,000(+20.4%)

Key Takeaway

Homes in Sandwich Township have sold for 20.4% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$150K
N/A
2 $187K$180.5K
-3.5%
3 $249.9K$288K
+15.2%
4 $264.5K$334.9K
+26.6%
5+ $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
+22.5%
Northville Township
+21.6%
Sandwich Township
+20.4%
Somonauk Township
+13.0%
Little Rock Township
+6.5%

Housing Supply in Sandwich Township, IL

How many homes are available in Sandwich Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2837+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 48
+100.0%
3 1314
+7.7%
4 812
+50.0%
5+ 33
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 2024Mar 2024CHANGE
990.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sandwich Township, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

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 2023Mar 2024CHANGE
51 Days55 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Sandwich Township, IL

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