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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington Township is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Washington Township was a Seller's Market.

Key Takeaway

Washington Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Washington Township, IL cost?

Median Sold Price

$255,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$15,000(+6.3%)

Key Takeaway

Homes in Washington Township have sold for 6.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $158K$210K
+32.9%
3 $235.5K$256.5K
+8.9%
4 $305K$329.9K
+8.2%
5+ $256.7K$350K
+36.3%

Median Sold Price Compared To Nearby Cities

Beecher
+11.1%
Yellowhead Township
+6.9%
Washington Township
+6.3%
Crete Township
+6.3%

How many homes are available in Washington Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
2830+7.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 12
+100.0%
2 31
-66.7%
3 1012
+20.0%
4 1313
0.0%
5+ 12
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days76 Days+218.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Washington Township has remained consistent over time.

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

About Washington Township, IL

Washington Township, IL has 30 homes for sale to choose from. Between October 2022 and November 2022, Washington Township, IL real estate market has seen increase in the number of listings by 7.1%. The median list price of listings available in November 2022 was $255,000, while the average time on the real estate market was 76 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 32.9%, 3 bedrooms properties prices increased by 8.9%, 4 bedrooms properties became 8.2% more expensive, the cost of 5 bedrooms properties went up by 36.3%. This housing market inventory have changed: 1 bedroom homes became 100% more available, volume of 2 bedrooms homes went down by 66.7%, number of 3 bedrooms homes increased by 20%, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes went up by 100%. While more than 1 listings in Washington Township, IL in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 1 were sold below.

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