Is Sugar Creek 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, Sugar Creek Township has remained a Seller's Market.
Key Takeaway
Sugar Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sugar Creek Township, IL
How much do homes in Sugar Creek Township, IL cost?
Median Sold Price
$228,750
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sugar Creek Township have sold for 8.9% less than they did a year ago.
Summary: The median home sold price in Sugar Creek Township was $228,750 in March 2024, down 8.9% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $126K | $143.7K | +14.1% |
| 3 Bedrooms | $225K | $248.7K | +10.6% |
| 4 Bedrooms | $310K | $329.5K | +6.3% |
| 5+ Bedrooms | - | $380K | N/A |
Summary: Sugar Creek 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 14.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lebanon Township | $165K | $229K | +38.8% |
| Breese Township | $191.5K | $240K | +25.3% |
| Sugar Creek Township | $251K | $228.7K | -8.9% |
| Aviston | $280K | $213.5K | -23.8% |
Housing Supply in Sugar Creek Township, IL
How many homes are available in Sugar Creek Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Summary: The Sugar Creek Township real estate market had 13 homes for sale in March 2024, a 62.5% 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 | 1 | +100.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sugar Creek 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 100%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sugar Creek Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Sugar Creek Township in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Sugar Creek Township, IL
How long does it take to sell a home in Sugar Creek Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 38 Days | -54.8% |
Summary: Homes in Sugar Creek Township had an average of 38 days on market in Mar 2024, down by 54.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sugar Creek Township has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Sugar Creek Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.