Is West Lincoln 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, West Lincoln Township has remained a Seller's Market.
Housing Prices in West Lincoln Township, IL
How much do homes in West Lincoln Township, IL cost?
Median Sold Price
$100,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in West Lincoln Township was $100,000 in February 2024, down 13% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $17K | $29K | +70.6% |
2 Bedrooms | $73K | $78.5K | +7.5% |
3 Bedrooms | $122K | $120K | -1.6% |
4 Bedrooms | $225K | $169K | -24.9% |
5+ Bedrooms | $243.7K | $210K | -13.8% |
Summary: West Lincoln Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.6%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 24.9%, and 5+ bedroom homes decreased by 13.8%.
Median Sold Price Compared To Nearby Cities
Lincoln | $105K | $106.5K | +1.4% |
East Lincoln Township | $109.5K | $110K | 0.5% |
West Lincoln Township | $115K | $100K | -13.0% |
Housing Supply in West Lincoln Township, IL
How many homes are available in West Lincoln Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
33 | 21 | -36.4% |
Summary: The West Lincoln Township real estate market had 21 homes for sale in February 2024, a 36.4% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 8 | 5 | -37.5% |
3 Bedrooms | 17 | 9 | -47.1% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The West Lincoln 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 decreased by 37.5%, 3 bedroom homes decreased by 47.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 5 | -54.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in West Lincoln Township in February 2024, down by 54.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for West Lincoln Township, IL
How long does it take to sell a home in West Lincoln Township, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
38 Days | 31 Days | -18.5% |
Summary: Homes in West Lincoln Township had an average of 31 days on market in Feb 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in West Lincoln Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.