Is Shields Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Shields Township has remained a Seller's Market.
Housing Prices in Shields Township, IL
How much do homes in Shields Township, IL cost?
Median Sold Price
$607,916
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shields Township was $607,916 in March 2024, up 1.5% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $128K | +34.7% |
2 Bedrooms | $350K | $377.2K | +7.8% |
3 Bedrooms | $425K | $550K | +29.4% |
4 Bedrooms | $915K | $789K | -13.8% |
5+ Bedrooms | $1.9M | $1.6M | -13.0% |
Summary: Shields Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 29.4%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 13%.
Median Sold Price Compared To Nearby Cities
North Chicago | $166.1K | $185K | +11.3% |
Shields Township | $599K | $607.9K | +1.5% |
Green Oaks | $735K | $725K | -1.4% |
Lake Bluff | $720K | $570K | -20.8% |
Housing Supply in Shields Township, IL
How many homes are available in Shields Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 93 | +5.7% |
Summary: The Shields Township real estate market had 93 homes for sale in March 2024, a 5.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 22 | 18 | -18.2% |
4 Bedrooms | 26 | 29 | +11.5% |
5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The Shields Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Shields Township in March 2024, up by 23.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 19% were sold at asking, and 24% were sold over asking.
Days on Market for Shields Township, IL
How long does it take to sell a home in Shields Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 31 Days | -50.8% |
Summary: Homes in Shields Township had an average of 31 days on market in Mar 2024, down by 50.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Shields Township; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.