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 neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Towanda Township has remained a Neutral Market.

Key Takeaway

Towanda Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Towanda Township, IL

How much do homes in Towanda Township, IL cost?

Median Sold Price

$435,950

$164/sqft

Based on all homes sold in January 2024.

Difference Since Last Month

-$33,050(-7.0%)

Key Takeaway

Homes in Towanda Township have sold for 7% less than they did a month ago.

Summary: The median home sold price in Towanda Township was $435,950 in January 2024, down 7% from last month, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 --
N/A
2 --
N/A
3 $238K$435.9K
+83.2%
4 $700K-
N/A
5+ --
N/A

Summary: Towanda Township housing prices by bedroom type for January 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 83.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Towanda
+1.7%
Towanda Township
-7.0%

Housing Supply in Towanda Township, IL

How many homes are available in Towanda Township, IL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
12120.0%

Summary: The Towanda Township real estate market had 12 homes for sale in January 2024, the same as December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 00
0.0%
3 78
+14.3%
4 43
-25.0%
5+ 11
0.0%

Summary: The Towanda Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Towanda Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Towanda Township in January 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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

Dec 2023Jan 2024CHANGE
3 Days120 Days+3900.0%

Summary: Homes in Towanda Township had an average of 120 days on market in Jan 2024, up by 3900% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 January 2024, 2 homes were sold in Towanda Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

Nearby Markets to Towanda Township, IL

What housing markets are near Towanda Township, IL?