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 March 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

$385,700

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$750(+0.2%)

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 $385,700 in March 2024, up 0.2% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $237.4K$408K
+71.9%
3 $349.9K$350K
0.0%
4 $400K$420K
+5.0%
5+ $409.1K$400K
-2.2%

Summary: Towanda 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 71.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 2.2%.

Median Sold Price Compared To Nearby Cities

Normal Township
+12.2%
Normal
+12.0%
Towanda Township
0.2%

Housing Supply in Towanda Township, IL

How many homes are available in Towanda Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
109-10.0%

Summary: The Towanda Township real estate market had 9 homes for sale in March 2024, a 10.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 32
-33.3%
5+ 11
0.0%

Summary: The Towanda 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Towanda Township in March 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Mar 2023Mar 2024CHANGE
33 Days78 Days+133.8%

Summary: Homes in Towanda Township had an average of 78 days on market in Mar 2024, up by 133.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was 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 March 2024, 3 homes were sold in Towanda Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 25 Days Ago

Newest Listings in Towanda Township, IL

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