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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sangamon Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Sangamon Township has remained a Neutral Market.

Key Takeaway

Sangamon Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sangamon Township, IL

How much do homes in Sangamon Township, IL cost?

Median Sold Price

$503,792

$231/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$253,792(+101.5%)

Key Takeaway

Homes in Sangamon Township have sold for 101.5% more than they did a month ago.

Summary: The median home sold price in Sangamon Township was $503,792 in March 2024, up 101.5% from last month, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $140K-
N/A
3 --
N/A
4 $360K$503.7K
+39.9%
5+ --
N/A

Summary: Sangamon Township housing prices by bedroom type for March 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 did not change, 4 bedroom homes increased by 39.9%, and 5+ bedroom homes did not change.

Housing Supply in Sangamon Township, IL

How many homes are available in Sangamon Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1312-7.7%

Summary: The Sangamon Township real estate market had 12 homes for sale in March 2024, a 7.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 66
0.0%
4 55
0.0%
5+ 00
0.0%

Summary: The Sangamon 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sangamon Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Sangamon Township in March 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Sangamon Township, IL

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

Average Sale Time

Feb 2024Mar 2024CHANGE
64 Days71 Days+11.7%

Summary: Homes in Sangamon Township had an average of 71 days on market in Mar 2024, up by 11.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sangamon Township has remained consistent over time.

Summary: During March 2024, 2 homes were sold in Sangamon Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 23 Days Ago

Newest Listings in Sangamon Township, IL

Nearby Markets to Sangamon Township, IL

What housing markets are near Sangamon Township, IL?