Is Sterling 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, Sterling Township has remained a Seller's Market.
Housing Prices in Sterling Township, IL
How much do homes in Sterling Township, IL cost?
Median Sold Price
$119,966
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sterling Township was $119,966 in March 2024, up 10.8% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98.2K | $69K | -29.8% |
2 Bedrooms | $83.5K | $82.2K | -1.6% |
3 Bedrooms | $116.4K | $134.5K | +15.5% |
4 Bedrooms | $119.5K | $148.4K | +24.2% |
5+ Bedrooms | $95.7K | $132.9K | +38.9% |
Summary: Sterling Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.8%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 38.9%.
Median Sold Price Compared To Nearby Cities
Hopkins Township | $168K | $216.9K | +29.1% |
Rock Falls | $80.4K | $94.5K | +17.5% |
Sterling | $104K | $120K | +15.4% |
Sterling Township | $108.2K | $119.9K | +10.8% |
Coloma Township | $87.2K | $84.7K | -2.9% |
Housing Supply in Sterling Township, IL
How many homes are available in Sterling Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 61 | +13.0% |
Summary: The Sterling Township real estate market had 61 homes for sale in March 2024, a 13.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sterling Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 19 | +280.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Sterling Township in March 2024, up by 280.0% month-over-month. Of the 19 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Sterling Township, IL
How long does it take to sell a home in Sterling Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 45 Days | -9.7% |
Summary: Homes in Sterling Township had an average of 45 days on market in Mar 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Sterling Township; 63% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.