Is Washington Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Washington Township has remained a Seller's Market.
Housing Prices in Washington Township, IL
How much do homes in Washington Township, IL cost?
Median Sold Price
$191,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington Township was $191,000 in April 2024, up 7.9% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $128K | $139K | +8.6% |
3 Bedrooms | $155K | $170K | +9.7% |
4 Bedrooms | $272K | $275K | +1.1% |
5+ Bedrooms | $350K | $396K | +13.1% |
Summary: Washington Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
East Peoria | $150K | $170.5K | +13.7% |
Morton | $227.5K | $246K | +8.1% |
Washington Township | $176.9K | $191K | +7.9% |
Worth Township | $250K | $260K | +4.0% |
Washington | $209.6K | $190.5K | -9.1% |
Housing Supply in Washington Township, IL
How many homes are available in Washington Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 61 | -10.3% |
Summary: The Washington Township real estate market had 61 homes for sale in April 2024, a 10.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 35 | 26 | -25.7% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Washington Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Washington Township in April 2024, up by 15.0% month-over-month. Of the 23 sold homes, 35% were sold under asking, 26% were sold at asking, and 39% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 8 Days | -47.5% |
Summary: Homes in Washington Township had an average of 8 days on market in Apr 2024, down by 47.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Washington Township; 96% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.