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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Virgil Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Virgil Township, IL

How much do homes in Virgil Township, IL cost?

Median Sold Price

$370,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$163,000(+78.7%)

Key Takeaway

Homes in Virgil Township have sold for 78.7% more than they did a year ago.

Summary: The median home sold price in Virgil Township was $370,000 in April 2024, up 78.7% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $195.2K$122.4K
-37.3%
3 $240K$265K
+10.4%
4 $200K$395K
+97.5%
5+ -$540.9K
N/A

Summary: Virgil 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 37.3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 97.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Virgil Township
+78.7%
Maple Park
+49.8%
Maple Park
+49.2%
Lily Lake
+4.0%

Housing Supply in Virgil Township, IL

How many homes are available in Virgil Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
710+42.9%

Summary: The Virgil Township real estate market had 10 homes for sale in April 2024, a 42.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 34
+33.3%
4 11
0.0%
5+ 21
-50.0%

Summary: The Virgil 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 300%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Virgil Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Virgil Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
23 Days14 Days-40.8%

Summary: Homes in Virgil Township had an average of 14 days on market in Apr 2024, down by 40.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Virgil Township; 100% of homes were sold within 30 days, 0% 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 10 Days Ago

Newest Listings in Virgil Township, IL

Nearby Markets to Virgil Township, IL

What housing markets are near Virgil Township, IL?