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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Serena Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Serena Township, IL

How much do homes in Serena Township, IL cost?

Median Sold Price

$227,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$8,950(-3.8%)

Key Takeaway

Homes in Serena Township have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Serena Township was $227,000 in March 2024, down 3.8% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 -$191.5K
N/A
3 $234.9K$322K
+37.1%
4 $450K$132.5K
-70.6%
5+ --
N/A

Summary: Serena 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 did not change, 3 bedroom homes increased by 37.1%, 4 bedroom homes decreased by 70.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mission Township
+19.3%
Serena Township
-3.8%

Housing Supply in Serena Township, IL

How many homes are available in Serena Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
21-50.0%

Summary: The Serena Township real estate market had 1 homes for sale in March 2024, a 50.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 11
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Serena 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 100%, 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
110.0%

Asking Price vs. Sold Price

0 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 Serena Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

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

Days on Market for Serena Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
63 Days21 Days-66.7%

Summary: Homes in Serena Township had an average of 21 days on market in Mar 2024, down by 66.7% compared to last year.

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 Serena Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in Serena 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 15 Days Ago

Newest Listings in Serena Township, IL

Nearby Markets to Serena Township, IL

What housing markets are near Serena Township, IL?