Is Towanda Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Towanda Township is a seller's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Towanda Township was a Buyer's Market.

Key Takeaway

Towanda Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Towanda Township, IL

How much do homes in Towanda Township, IL cost?

Median Sold Price

$386,400

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$1,400(+0.4%)

Key Takeaway

The sold price of homes in Towanda Township has remained the same since last year.

Summary: The median home sold price in Towanda Township was $386,400 in June 2024, up 0.4% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $227.5K$408K
+79.3%
3 $380K$337.3K
-11.2%
4 $390K$429.7K
+10.2%
5+ $400K-
N/A

Summary: Towanda Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 79.3%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Normal Township
+14.8%
Normal
+13.7%
Towanda Township
0.4%

Housing Supply in Towanda Township, IL

How many homes are available in Towanda Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1311-15.4%

Summary: The Towanda Township real estate market had 11 homes for sale in June 2024, a 15.4% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 54
-20.0%
4 65
-16.7%
5+ 21
-50.0%

Summary: The Towanda Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

May 2024Jun 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Towanda Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Towanda Township in June 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Towanda Township, IL

How long does it take to sell a home in Towanda Township, IL?

Average Sale Time

Jun 2023Jun 2024CHANGE
26 Days7 Days-70.2%

Summary: Homes in Towanda Township had an average of 7 days on market in Jun 2024, down by 70.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Towanda Township are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 4 homes were sold in Towanda 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Towanda Township, IL

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