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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warren Township is a seller's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in Warren Township, IL cost?

Median Sold Price

$299,508

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$7,211(+2.5%)

Key Takeaway

Homes in Warren Township have sold for 2.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $114.9K$118K
+2.7%
2 $174.2K$194.7K
+11.8%
3 $265K$277K
+4.5%
4 $360K$395K
+9.7%
5+ $434.5K$469.9K
+8.2%

Median Sold Price Compared To Nearby Cities

Waukegan
+8.3%
Gurnee
+4.8%
Warren Township
+2.5%

How many homes are available in Warren Township, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
189163-13.8%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 33
0.0%
2 3222
-31.3%
3 6960
-13.0%
4 6458
-9.4%
5+ 2120
-4.8%

Number of Homes Sold

Nov 2022Dec 2022%
5444-18.5%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warren Township, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
32 Days31 Days-3.0%

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Warren 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 Warren Township, IL

Warren Township, IL has 163 homes for sale to choose from. Between November 2022 and December 2022, Warren Township, IL real estate market has seen decrease in the number of listings by 13.8%. In December 2022 median list price was $299,508 and the average listing age was 31 days. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 2.7%, the cost of 2 bedrooms properties went up by 11.8%, prices of 3 bedrooms properties increased by 4.5%, 4 bedrooms properties became 9.7% more expensive, prices of 5 bedrooms properties went up by 8.2%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 31.3%, 3 bedrooms homes inventory decreased by 13%, volume of 4 bedrooms homes went down by 9.4%, number of 5 bedrooms homes decreased by 4.8%. In December 2022, from all listings sold in Warren Township, IL there were more than 8 sold above asking price, over 30 sold below and more than 6 were sold right at the asked price.

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