Is Sugar Loaf 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 Loaf Township has remained a Seller's Market.
Key Takeaway
Sugar Loaf Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sugar Loaf Township, IL
How much do homes in Sugar Loaf Township, IL cost?
Median Sold Price
$146,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sugar Loaf Township have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Sugar Loaf Township was $146,000 in March 2024, up 5.8% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42.9K | $108K | +151.7% |
| 2 Bedrooms | $93.5K | $98.7K | +5.6% |
| 3 Bedrooms | $151.5K | $165K | +8.9% |
| 4 Bedrooms | $155K | $187.2K | +20.8% |
| 5+ Bedrooms | $325K | $184K | -43.4% |
Summary: Sugar Loaf Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 151.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 43.4%.
Housing Supply in Sugar Loaf Township, IL
How many homes are available in Sugar Loaf Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Sugar Loaf Township real estate market had 17 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 6 | +500.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sugar Loaf Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 500%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sugar Loaf Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Sugar Loaf Township in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Sugar Loaf Township, IL
How long does it take to sell a home in Sugar Loaf Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 76 Days | +6.3% |
Summary: Homes in Sugar Loaf Township had an average of 76 days on market in Mar 2024, up by 6.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sugar Loaf Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Sugar Loaf Township; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.