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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wapella Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Wapella Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Wapella Township, IL cost?

Median Sold Price

$83,000

$49/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

+$1,000(+1.2%)

Key Takeaway

Homes in Wapella Township have sold for 1.2% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 $79K-
N/A
3 $85K$83K
-2.4%
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Wapella Township
+1.2%
Wapella
+1.2%
Randolph Township
-28.8%

How many homes are available in Wapella Township, IL?

Number of Homes For Sale

Dec 2022Jan 2023%
43-25.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wapella Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Dec 2022Jan 2023%
5 Days18 Days+260.0%

Breakdown of Home Sale Times

1 Home Was 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 Wapella Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Wapella Township, IL

Number of homes for sale in Wapella Township, IL real estate market have reached 3. The number of homes for sale in Wapella Township, IL decreased by 25% between December 2022 and January 2023. The median list price of listings available in January 2023 was $83,000, while the average time on the real estate market was 18 days. Listing prices have changed in this real estate market between January 2022 and January 2023: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties decreased by 2.4%, the cost of 4 bedrooms properties went up by 0%, 5 bedrooms properties became 0% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory decreased by 33.3%, 4 bedrooms homes inventory did not change, volume of 5 bedrooms homes stayed the same. In January 2023 more than 0 listings in Wapella Township, IL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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