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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Virden Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Virden Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Virden Township, IL

How much do homes in Virden Township, IL cost?

Median Sold Price

$94,750

$79/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$10,250(-9.8%)

Key Takeaway

Homes in Virden Township have sold for 9.8% less than they did a year ago.

Summary: The median home sold price in Virden Township was $94,750 in September 2024, down 9.8% from last year, and the median price per square foot was $79.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $87.5K$76K
-13.1%
2 $81.9K$73K
-10.9%
3 $119K$99.9K
-16.1%
4 $182.5K$181.7K
-0.4%
5+ $195K-
N/A

Summary: Virden Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Girard Township
+59.8%
Auburn Township
+11.1%
Divernon Township
+3.4%
Virden Township
-9.8%
Virden
-9.8%

Housing Supply in Virden Township, IL

How many homes are available in Virden Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1613-18.8%

Summary: The Virden Township real estate market had 13 homes for sale in September 2024, a 18.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 109
-10.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Virden Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Virden Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Virden Township in September 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Virden Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
26 Days19 Days-29.2%

Summary: Homes in Virden Township had an average of 19 days on market in Sep 2024, down by 29.2% compared to last year.

Breakdown of Home Sale Times

2 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

Many homes in Virden Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Virden Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Virden Township, IL

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