Is Somerset Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Somerset Township was a Buyer's Market.
Housing Prices in Somerset Township, IL
How much do homes in Somerset Township, IL cost?
Median Sold Price
$155,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Somerset Township was $155,000 in February 2024, up 14.8% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $105K | $69K | -34.3% |
3 Bedrooms | $143.5K | $155K | +8.0% |
4 Bedrooms | $300K | $208.5K | -30.5% |
5+ Bedrooms | $110K | $143K | +30.0% |
Summary: Somerset Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.3%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 30.5%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Cities
Murphysboro | $74K | $114.8K | +55.3% |
Murphysboro Township | $88.5K | $117K | +32.2% |
Somerset Township | $135K | $155K | +14.8% |
Housing Supply in Somerset Township, IL
How many homes are available in Somerset Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Summary: The Somerset Township real estate market had 7 homes for sale in February 2024, a 12.5% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 5 | 3 | -40.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Somerset Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Somerset Township in February 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 Somerset Township, IL
How long does it take to sell a home in Somerset Township, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
5 Days | 3 Days | -40.0% |
Summary: Homes in Somerset Township had an average of 3 days on market in Feb 2024, down by 40% 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
Summary: During February 2024, 1 homes were sold in Somerset 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.