Is Western Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Western Township has remained a Seller's Market.
Key Takeaway
Western Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Western Township, IL
How much do homes in Western Township, IL cost?
Median Sold Price
$170,000
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Western Township have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Western Township was $170,000 in May 2024, up 5.4% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $143K | - | N/A |
| 3 Bedrooms | $158.7K | $166K | +4.6% |
| 4 Bedrooms | $312K | $180K | -42.3% |
| 5+ Bedrooms | $343K | $202K | -41.1% |
Summary: Western Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 42.3%, and 5+ bedroom homes decreased by 41.1%.
Median Sold Price Compared To Nearby Cities
| Colona Township | $170K | $187.5K | +10.3% |
| Orion | $161.5K | $171.7K | +6.3% |
| Western Township | $161.2K | $170K | +5.4% |
Housing Supply in Western Township, IL
How many homes are available in Western Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Western Township real estate market had 4 homes for sale in May 2024, a 20.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Western Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Western Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Western Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Western Township, IL
How long does it take to sell a home in Western Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 73 Days | 48 Days | -34.7% |
Summary: Homes in Western Township had an average of 48 days on market in May 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Western Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Western Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.