$1,720 Closing Credit*
$144,800
1,362 SqFt
3 Beds
•1 Full Bath, 1 Partial
Shellie Wilkes, Listing Office: Jim Maloof Realty, Inc.
Is Washington Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Washington Township has remained a Seller's Market.
Key Takeaway
Washington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington Township, IL
How much do homes in Washington Township, IL cost?
Median Sold Price
$205,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$15,000(+7.9%)
Key Takeaway
Homes in Washington Township have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Washington Township was $205,000 in August 2024, up 7.9% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119.9K | $138.5K | +15.5% |
| 3 Bedrooms | $155.7K | $182.5K | +17.2% |
| 4 Bedrooms | $270K | $295K | +9.3% |
| 5+ Bedrooms | $380.7K | $407.5K | +7.0% |
Summary: Washington Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Morton | $237K | $270K | +13.9% |
| Worth Township | $245K | $269.9K | +10.2% |
| Washington Township | $190K | $205K | +7.9% |
| East Peoria | $163.9K | $174.4K | +6.4% |
| Washington | $200K | $205K | +2.5% |
Housing Supply in Washington Township, IL
How many homes are available in Washington Township, IL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 94 | 100 | +6.4% |
Summary: The Washington Township real estate market had 100 homes for sale in August 2024, a 6.4% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 36 | 42 | +16.7% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Washington Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington Township, you could pay more than the asking price. 40.6% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Washington Township in August 2024, up by 3.2% month-over-month. Of the 32 sold homes, 28% were sold under asking, 31% were sold at asking, and 41% were sold over asking.
Days on Market for Washington Township, IL
How long does it take to sell a home in Washington Township, IL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 14 Days | 28 Days | +93.7% |
Summary: Homes in Washington Township had an average of 28 days on market in Aug 2024, up by 93.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Washington Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 32 homes were sold in Washington Township; 91% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.