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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Savanna Township is a neutral's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

Savanna 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 Savanna Township, IL

How much do homes in Savanna Township, IL cost?

Median Sold Price

$144,900

$107/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$128,900(+805.6%)

Key Takeaway

Homes in Savanna Township have sold for 805.6% more than they did a month ago.

Summary: The median home sold price in Savanna Township was $144,900 in March 2024, up 805.6% from last month, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $16K$144.9K
+805.6%
4 --
N/A
5+ --
N/A

Summary: Savanna 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 increased by 805.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Savanna Township
+805.6%
Savanna
+805.6%
Washington Township
+6.6%

Housing Supply in Savanna Township, IL

How many homes are available in Savanna Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
67+16.7%

Summary: The Savanna Township real estate market had 7 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 12
+100.0%
5+ 00
0.0%

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

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Savanna Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Savanna Township in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Savanna Township, IL

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

Average Sale Time

Feb 2024Mar 2024CHANGE
75 Days16 Days-78.7%

Summary: Homes in Savanna Township had an average of 16 days on market in Mar 2024, down by 78.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 1 homes were sold in Savanna Township; 100% of homes were sold within 30 days, 0% 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 22 Days Ago

Newest Listings in Savanna Township, IL

Nearby Markets to Savanna Township, IL