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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sherman Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Sherman Township was a Seller's Market.

Key Takeaway

Sherman 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 Sherman Township, IL

How much do homes in Sherman Township, IL cost?

Median Sold Price

$107,000

$81/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$196,000(-64.7%)

Key Takeaway

Homes in Sherman Township have sold for 64.7% less than they did a month ago.

Summary: The median home sold price in Sherman Township was $107,000 in November 2024, down 64.7% from last month, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $35K-
N/A
3 $371K$107K
-71.2%
4 $305K-
N/A
5+ --
N/A

Summary: Sherman Township housing prices by bedroom type for November 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 decreased by 71.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Easton
+205.7%
Sherman Township
-64.7%

Housing Supply in Sherman Township, IL

How many homes are available in Sherman Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1312-7.7%

Summary: The Sherman Township real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 87
-12.5%
4 32
-33.3%
5+ 12
+100.0%

Summary: The Sherman Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sherman Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sherman Township in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sherman Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
1 Days36 Days+3028.6%

Summary: Homes in Sherman Township had an average of 36 days on market in Nov 2024, up by 3028.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Sherman Township; 50% of homes were sold within 30 days, 50% 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 3 Days Ago

Newest Listings in Sherman Township, IL

Nearby Markets to Sherman Township, IL