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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walnut Township is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Walnut Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Walnut Township, IL

How much do homes in Walnut Township, IL cost?

Median Sold Price

$88,750

$73/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$36,250(-29.0%)

Key Takeaway

Homes in Walnut Township have sold for 29% less than they did a year ago.

Summary: The median home sold price in Walnut Township was $88,750 in March 2024, down 29% from last year, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $72K-
N/A
2 $50K$62K
+24.0%
3 $140K$145K
+3.6%
4 $78.7K$149.5K
+89.8%
5+ $130K-
N/A

Summary: Walnut Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 89.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Walnut
-24.5%
Walnut Township
-29.0%

Housing Supply in Walnut Township, IL

How many homes are available in Walnut Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
67+16.7%

Summary: The Walnut Township real estate market had 7 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 23
+50.0%
5+ 11
0.0%

Summary: The Walnut Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Walnut Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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

Days on Market for Walnut Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
246 Days72 Days-70.7%

Summary: Homes in Walnut Township had an average of 72 days on market in Mar 2024, down by 70.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Walnut Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 26 Days Ago

Newest Listings in Walnut Township, IL

Nearby Markets to Walnut Township, IL