Is Tremont Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tremont Township was a Buyer's Market.
Key Takeaway
Tremont Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tremont Township, IL
How much do homes in Tremont Township, IL cost?
Median Sold Price
$189,500
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tremont Township have sold for 10.8% less than they did a year ago.
Summary: The median home sold price in Tremont Township was $189,500 in April 2024, down 10.8% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $158K | $117K | -25.9% |
| 3 Bedrooms | $167.5K | $174.5K | +4.2% |
| 4 Bedrooms | $320K | $290K | -9.4% |
| 5+ Bedrooms | $375K | $440K | +17.3% |
Summary: Tremont Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Cities
| Elm Grove Township | $196.2K | $220K | +12.1% |
| Tremont | $172.5K | $189K | +9.6% |
| Morton Township | $227.7K | $246K | +8.0% |
| Mackinaw Township | $199.9K | $215K | +7.6% |
| Tremont Township | $212.5K | $189.5K | -10.8% |
Housing Supply in Tremont Township, IL
How many homes are available in Tremont Township, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Tremont Township real estate market had 7 homes for sale in April 2024, a 22.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tremont Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tremont Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Tremont Township in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Tremont Township, IL
How long does it take to sell a home in Tremont Township, IL?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tremont Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Tremont Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.