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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tremont Township is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Tremont Township was a Seller's Market.

Key Takeaway

Tremont Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Tremont Township, IL cost?

Median Sold Price

$201,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$9,000(+4.7%)

Key Takeaway

Homes in Tremont Township have sold for 4.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $191K$121K
-36.6%
3 $135K$192.4K
+42.6%
4 $249.9K$310K
+24.0%
5+ $316K-
N/A

Median Sold Price Compared To Nearby Cities

Morton Township
+11.2%
Elm Grove Township
+10.1%
Tremont Township
+4.7%
Tremont
-10.7%

How many homes are available in Tremont Township, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
1011+10.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 33
0.0%
3 34
+33.3%
4 33
0.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tremont Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
41 Days68 Days+65.9%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tremont Township has remained consistent over time.

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

About Tremont Township, IL

Number of homes for sale in Tremont Township, IL real estate market have reached 11. The number of homes for sale in Tremont Township, IL increased by 10% between August 2022 and September 2022. In September 2022 median list price was $201,000 and the average listing age was 68 days. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties decreased by 36.6%, 3 bedrooms properties became 42.6% more expensive, prices of 4 bedrooms properties increased by 24%, prices of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 33.3% more available, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes stayed the same. In September 2022, from all listings sold in Tremont Township, IL there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.