Is Troy Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Troy Township has remained a Seller's Market.
Housing Prices in Troy Township, IL
How much do homes in Troy Township, IL cost?
Median Sold Price
$315,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Troy Township was $315,000 in June 2024, up 7.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $131K | -9.7% |
2 Bedrooms | $225K | $243K | +8.0% |
3 Bedrooms | $279.9K | $295K | +5.4% |
4 Bedrooms | $363K | $400K | +10.2% |
5+ Bedrooms | $415K | $400K | -3.6% |
Summary: Troy Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $210K | $250K | +19.0% |
Shorewood | $318.5K | $355K | +11.5% |
Plainfield Township | $335K | $365K | +9.0% |
Troy Township | $291.8K | $315K | +7.9% |
Joliet | $255.5K | $273.1K | +6.9% |
Housing Supply in Troy Township, IL
How many homes are available in Troy Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
256 | 284 | +10.9% |
Summary: The Troy Township real estate market had 284 homes for sale in June 2024, a 10.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 42 | 54 | +28.6% |
3 Bedrooms | 114 | 122 | +7.0% |
4 Bedrooms | 80 | 89 | +11.3% |
5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Troy 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 28.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
89 | 81 | -9.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Troy Township in June 2024, down by 9.0% month-over-month. Of the 81 sold homes, 32% were sold under asking, 12% were sold at asking, and 56% were sold over asking.
Days on Market for Troy Township, IL
How long does it take to sell a home in Troy Township, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
25 Days | 18 Days | -24.4% |
Summary: Homes in Troy Township had an average of 18 days on market in Jun 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 81 homes were sold in Troy Township; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.