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

Housing Market Conditions



Gauge showing Somonauk Township is a buyer's market


Difference Since August 2022

At the same time last year, Somonauk Township was a Seller's Market.

Key Takeaway

Somonauk Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices

How much do homes in Somonauk Township, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Somonauk Township have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Somonauk Township was $235,500 in August 2023, up 2.4% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 -$200K
2 $174.4K$196.4K
3 $235K$245K
4 $302K$244K
5+ -$400K

Summary: Somonauk Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sandwich Township
Northville Township
Somonauk Township

Housing Supply

How many homes are available in Somonauk Township, IL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Somonauk Township real estate market had 26 homes for sale in August 2023, a 23.8% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
2 11
3 1116
4 78
5+ 21

Summary: The Somonauk Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Somonauk Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Somonauk Township in August 2023, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
5 Days31 Days+472.7%

Summary: Homes in Somonauk Township had an average of 31 days on market in Aug 2023, up by 472.7% compared to last year.

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

Summary: During August 2023, 2 homes were sold in Somonauk 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 26 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Somonauk Township, IL?