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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saratoga Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Saratoga Township, IL

How much do homes in Saratoga Township, IL cost?

Median Sold Price

$280,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$27,550(+10.9%)

Key Takeaway

Homes in Saratoga Township have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Saratoga Township was $280,000 in March 2024, up 10.9% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$105K
N/A
2 $212K$186.2K
-12.2%
3 $263.2K$284.9K
+8.2%
4 $368K$365K
-0.8%
5+ $379.9K$445K
+17.1%

Summary: Saratoga 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 12.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Cities

Morris Township
+15.6%
Aux Sable Township
+13.3%
Saratoga Township
+10.9%
Morris
+3.9%

Housing Supply in Saratoga Township, IL

How many homes are available in Saratoga Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1618+12.5%

Summary: The Saratoga Township real estate market had 18 homes for sale in March 2024, a 12.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 47
+75.0%
3 77
0.0%
4 22
0.0%
5+ 21
-50.0%

Summary: The Saratoga 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 75%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
28+300.0%

Asking Price vs. Sold Price

7 Homes Were 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 Saratoga Township, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Saratoga Township in March 2024, up by 300.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.

Days on Market for Saratoga Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
21 Days58 Days+168.8%

Summary: Homes in Saratoga Township had an average of 58 days on market in Mar 2024, up by 168.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 8 homes were sold in Saratoga Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 15 Days Ago

Newest Listings in Saratoga Township, IL

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What housing markets are near Saratoga Township, IL?