Is Somonauk Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, Somonauk Township was a Seller's Market.
Housing Prices
How much do homes in Somonauk Township, IL cost?
Median Sold Price
$235,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
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
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $174.4K | $196.4K | +12.6% |
3 Bedrooms | $235K | $245K | +4.3% |
4 Bedrooms | $302K | $244K | -19.2% |
5+ Bedrooms | - | $400K | N/A |
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
Somonauk | $200K | $232.5K | +16.3% |
Sandwich | $237.4K | $269.9K | +13.7% |
Sandwich Township | $245K | $269.9K | +10.2% |
Northville Township | $275K | $297.4K | +8.2% |
Somonauk Township | $230K | $235.5K | +2.4% |
Housing Supply
How many homes are available in Somonauk Township, IL?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
21 | 26 | +23.8% |
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
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 11 | 16 | +45.5% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 2 | 1 | -50.0% |
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 2023 | Aug 2023 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
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 2022 | Aug 2023 | CHANGE |
---|---|---|
5 Days | 31 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
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.