Is Somonauk Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Somonauk Township was a Seller's Market.
Housing Prices in Somonauk Township, IL
How much do homes in Somonauk Township, IL cost?
Median Sold Price
$260,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Somonauk Township was $260,000 in March 2024, up 13% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $181.5K | $205K | +12.9% |
3 Bedrooms | $228.5K | $270K | +18.2% |
4 Bedrooms | $285K | $271.2K | -4.8% |
5+ Bedrooms | $197.4K | $615K | +211.5% |
Summary: Somonauk Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 211.5%.
Median Sold Price Compared To Nearby Cities
Sandwich | $236K | $289K | +22.5% |
Northville Township | $285K | $346.5K | +21.6% |
Sandwich Township | $240K | $289K | +20.4% |
Somonauk | $215K | $256K | +19.1% |
Somonauk Township | $230K | $260K | +13.0% |
Housing Supply in Somonauk Township, IL
How many homes are available in Somonauk Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Summary: The Somonauk Township real estate market had 22 homes for sale in March 2024, a 29.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Somonauk Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Somonauk Township in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Somonauk Township, IL
How long does it take to sell a home in Somonauk Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 30 Days | -21.5% |
Summary: Homes in Somonauk Township had an average of 30 days on market in Mar 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Somonauk Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.