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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seward Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Seward Township, IL

How much do homes in Seward Township, IL cost?

Median Sold Price

$349,495

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$21,820(+6.7%)

Key Takeaway

Homes in Seward Township have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Seward Township was $349,495 in March 2024, up 6.7% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $227K$262.5K
+15.6%
3 $313.2K$326.2K
+4.1%
4 $388.8K$395K
+1.6%
5+ $1.0M$480K
-54.3%

Summary: Seward 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 increased by 15.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 54.3%.

Median Sold Price Compared To Nearby Cities

Minooka
+14.3%
Minooka
+8.5%
Seward Township
+6.7%
Na-Au-Say Township
+5.8%

Housing Supply in Seward Township, IL

How many homes are available in Seward Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2325+8.7%

Summary: The Seward Township real estate market had 25 homes for sale in March 2024, a 8.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1012
+20.0%
4 99
0.0%
5+ 32
-33.3%

Summary: The Seward 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seward 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 Seward Township in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.

Days on Market for Seward Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
19 Days34 Days+77.1%

Summary: Homes in Seward Township had an average of 34 days on market in Mar 2024, up by 77.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 9 homes were sold in Seward Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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 Seward Township, IL

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