Is Warren Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Warren Township has remained a Seller's Market.
Housing Prices in Warren Township, IL
How much do homes in Warren Township, IL cost?
Median Sold Price
$335,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Warren Township was $335,000 in February 2024, up 11.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118K | $135K | +14.4% |
2 Bedrooms | $192K | $220K | +14.6% |
3 Bedrooms | $280K | $305K | +8.9% |
4 Bedrooms | $395K | $428K | +8.4% |
5+ Bedrooms | $495.6K | $493K | -0.5% |
Summary: Warren Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in Warren Township, IL
How many homes are available in Warren Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
122 | 119 | -2.5% |
Summary: The Warren Township real estate market had 119 homes for sale in February 2024, a 2.5% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 50 | 43 | -14.0% |
4 Bedrooms | 39 | 36 | -7.7% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Warren Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 35 | -14.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Warren Township in February 2024, down by 14.6% month-over-month. Of the 35 sold homes, 49% were sold under asking, 17% were sold at asking, and 34% were sold over asking.
Days on Market for Warren Township, IL
How long does it take to sell a home in Warren Township, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 40 Days | -13.5% |
Summary: Homes in Warren Township had an average of 40 days on market in Feb 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 35 homes were sold in Warren Township; 51% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.