Is South Litchfield 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, South Litchfield Township has remained a Seller's Market.
Housing Prices in South Litchfield Township, IL
How much do homes in South Litchfield Township, IL cost?
Median Sold Price
$86,500
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Litchfield Township was $86,500 in March 2024, up 5.5% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $79K | $68.7K | -13.0% |
3 Bedrooms | $96.7K | $111K | +14.8% |
4 Bedrooms | $42.5K | $414.9K | +876.2% |
5+ Bedrooms | $220K | $175K | -20.5% |
Summary: South Litchfield 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 decreased by 13%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 876.2%, and 5+ bedroom homes decreased by 20.5%.
Median Sold Price Compared To Nearby Cities
Litchfield | $97.1K | $116K | +19.5% |
South Litchfield Township | $82K | $86.5K | +5.5% |
North Litchfield Township | $124K | $130K | +4.8% |
Cahokia Township | $90K | $83K | -7.8% |
Housing Supply in South Litchfield Township, IL
How many homes are available in South Litchfield Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Summary: The South Litchfield Township real estate market had 11 homes for sale in March 2024, a 10.0% 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 | 3 | 4 | +33.3% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Litchfield 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 increased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in South Litchfield Township in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for South Litchfield Township, IL
How long does it take to sell a home in South Litchfield Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 110 Days | +38.1% |
Summary: Homes in South Litchfield Township had an average of 110 days on market in Mar 2024, up by 38.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in South Litchfield Township; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.