Is Timber 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, Timber Township has remained a Seller's Market.
Housing Prices in Timber Township, IL
How much do homes in Timber Township, IL cost?
Median Sold Price
$98,000
$93/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Timber Township was $98,000 in April 2024, down 16.9% from last month, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114K | - | N/A |
2 Bedrooms | $122K | $102.9K | -15.6% |
3 Bedrooms | $216.5K | $92.9K | -57.1% |
4 Bedrooms | - | $575K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Timber 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 decreased by 15.6%, 3 bedroom homes decreased by 57.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Timber Township | $118K | $98K | -16.9% |
Glasford | $118K | $98K | -16.9% |
Housing Supply in Timber Township, IL
How many homes are available in Timber Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Summary: The Timber Township real estate market had 9 homes for sale in April 2024, a 18.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Timber Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Timber Township in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Timber Township, IL
How long does it take to sell a home in Timber Township, IL?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 22 Days | -28.2% |
Summary: Homes in Timber Township had an average of 22 days on market in Apr 2024, down by 28.2% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Timber Township; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.