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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tyrone Township is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Tyrone Township was a Buyer's Market.

Key Takeaway

Tyrone Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tyrone Township, IL

How much do homes in Tyrone Township, IL cost?

Median Sold Price

$58,500

$53/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$16,400(-21.9%)

Key Takeaway

Homes in Tyrone Township have sold for 21.9% less than they did a year ago.

Summary: The median home sold price in Tyrone Township was $58,500 in April 2024, down 21.9% from last year, and the median price per square foot was $53.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $45K$27.4K
-39.0%
2 $69.5K$56.5K
-18.8%
3 $126.2K$43K
-65.9%
4 $76K$162.5K
+113.8%
5+ $415K$274K
-34.0%

Summary: Tyrone Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 65.9%, 4 bedroom homes increased by 113.8%, and 5+ bedroom homes decreased by 34%.

Median Sold Price Compared To Nearby Cities

Mulkeytown
+49.4%
Tyrone Township
-21.9%

Housing Supply in Tyrone Township, IL

How many homes are available in Tyrone Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1819+5.6%

Summary: The Tyrone Township real estate market had 19 homes for sale in April 2024, a 5.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 56
+20.0%
3 76
-14.3%
4 34
+33.3%
5+ 11
0.0%

Summary: The Tyrone 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 increased by 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tyrone Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Tyrone Township in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for Tyrone Township, IL

How long does it take to sell a home in Tyrone Township, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
3 Days72 Days+2311.1%

Summary: Homes in Tyrone Township had an average of 72 days on market in Apr 2024, up by 2311.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were 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 Tyrone Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 6 homes were sold in Tyrone Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 6 Days Ago

Newest Listings in Tyrone Township, IL

Nearby Markets to Tyrone Township, IL

What housing markets are near Tyrone Township, IL?