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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Lincoln Township is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in West Lincoln Township, IL cost?

Median Sold Price

$105,000

$79/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$11,510(+12.3%)

Key Takeaway

Homes in West Lincoln Township have sold for 12.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $45K$27.5K
-38.9%
2 $74.5K$71K
-4.7%
3 $99.9K$122K
+22.1%
4 $180K$155K
-13.9%
5+ $275K$174.5K
-36.5%

Median Sold Price Compared To Nearby Cities

Lincoln
+21.2%
East Lincoln Township
+21.1%
West Lincoln Township
+12.3%

How many homes are available in West Lincoln Township, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
2822-21.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 127
-41.7%
3 128
-33.3%
4 25
+150.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
157-53.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Lincoln Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
10 Days8 Days-21.6%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Lincoln 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 West Lincoln Township, IL

There are 22 homes are for sale in West Lincoln Township, IL real estate market. In September 2022 in West Lincoln Township, IL there were 21.4% less homes for sale than in August 2022. In September 2022 median list price was $105,000 and the average listing age was 8 days. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 38.9% more cheaper, 2 bedrooms properties became 4.7% more cheaper, 3 bedrooms properties prices increased by 22.1%, prices of 4 bedrooms properties decreased by 13.9%, prices of 5 bedrooms properties went down by 36.5%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 41.7%, the quantity of 3 bedrooms homes went down by 33.3%, volume of 4 bedrooms homes went up by 150%, 5 bedrooms homes inventory did not change. While more than 1 listings in West Lincoln Township, IL in September 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below.