Is Spring Lake 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 Lake Township has remained a Seller's Market.
Housing Prices in Spring Lake Township, IL
How much do homes in Spring Lake Township, IL cost?
Median Sold Price
$179,950
$91/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Spring Lake Township was $179,950 in April 2024, up 50% from last month, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $150K | - | N/A |
3 Bedrooms | $90K | $185K | +105.6% |
4 Bedrooms | - | $174.9K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Spring Lake Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 105.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Spring Lake Township, IL
How many homes are available in Spring Lake Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Summary: The Spring Lake Township real estate market had 4 homes for sale in April 2024, a 20.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spring Lake Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
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 Spring Lake Township in April 2024, the same as the previous 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 for Spring Lake Township, IL
How long does it take to sell a home in Spring Lake Township, IL?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 Days | 5 Days | -94.8% |
Summary: Homes in Spring Lake Township had an average of 5 days on market in Apr 2024, down by 94.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Spring Lake Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.