$4,749 Closing Credit*
$399,900
1,800 SqFt
3 Beds
•3 Full Baths
Dawn Purple, Listing Office: RE/MAX Traders Unlimited
Is Spring Bay Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Spring Bay Township has remained a Seller's Market.
Key Takeaway
Spring Bay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Bay Township, IL
How much do homes in Spring Bay Township, IL cost?
Median Sold Price
$294,000
$92/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$26,500(+9.9%)
Key Takeaway
Homes in Spring Bay Township have sold for 9.9% more than they did a month ago.
Summary: The median home sold price in Spring Bay Township was $294,000 in August 2024, up 9.9% from last month, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $97K | $24.5K | -74.7% |
| 3 Bedrooms | $267.5K | $294K | +9.9% |
| 4 Bedrooms | $351K | - | N/A |
| 5+ Bedrooms | - | $354K | N/A |
Summary: Spring Bay Township housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 74.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Spring Bay Township | $267.5K | $294K | +9.9% |
| Spring Bay | $267.5K | $24.5K | -90.8% |
Housing Supply in Spring Bay Township, IL
How many homes are available in Spring Bay Township, IL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Spring Bay Township real estate market had 13 homes for sale in August 2024, a 7.1% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Spring Bay Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Bay Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Spring Bay Township in August 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Spring Bay Township, IL
How long does it take to sell a home in Spring Bay Township, IL?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 18 Days | 36 Days | +94.7% |
Summary: Homes in Spring Bay Township had an average of 36 days on market in Aug 2024, up by 94.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spring Bay Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in Spring Bay Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.