Is Virden Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$91,000
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Virden Township have sold for 13.3% less than they did a year ago.
Summary: The median home sold price in Virden Township was $91,000 in March 2024, down 13.3% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.2K | $80K | +76.8% |
| 2 Bedrooms | $69.9K | $78K | +11.6% |
| 3 Bedrooms | $125K | $105K | -16.0% |
| 4 Bedrooms | $184K | $167.4K | -9.0% |
| 5+ Bedrooms | $62K | $195K | +214.5% |
Summary: Virden Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.8%, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 214.5%.
Median Sold Price Compared To Nearby Cities
| Auburn Township | $138.4K | $135K | -2.5% |
| Virden Township | $105K | $91K | -13.3% |
| Virden | $105K | $91K | -13.3% |
Housing Supply in Virden Township, IL
How many homes are available in Virden Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Summary: The Virden Township real estate market had 21 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Virden Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Virden Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Virden Township in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 62 Days | +0.6% |
Summary: Homes in Virden Township had an average of 62 days on market in Mar 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Virden Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Virden Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.