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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing York Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in York Township, IL

How much do homes in York Township, IL cost?

Median Sold Price

$374,912

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,050(+2.8%)

Key Takeaway

Homes in York Township have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in York Township was $374,912 in March 2024, up 2.8% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $134.9K$149.7K
+11.0%
2 $250K$285K
+14.0%
3 $350K$365K
+4.3%
4 $608.5K$612.5K
+0.7%
5+ $755K$915K
+21.2%

Summary: York Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 21.2%.

Median Sold Price Compared To Nearby Cities

Oak Brook
+10.7%
York Township
+2.8%
Villa Park
+1.5%
Elmhurst
-4.4%

Housing Supply in York Township, IL

How many homes are available in York Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
296358+20.9%

Summary: The York Township real estate market had 358 homes for sale in March 2024, a 20.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1918
-5.3%
2 6786
+28.4%
3 98108
+10.2%
4 81102
+25.9%
5+ 3144
+41.9%

Summary: The York Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 41.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
8388+6.0%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in York Township, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.

Summary: A total of 88 homes were sold or pending in York Township in March 2024, up by 6.0% month-over-month. Of the 88 sold homes, 44% were sold under asking, 19% were sold at asking, and 36% were sold over asking.

Days on Market for York Township, IL

How long does it take to sell a home in York Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
36 Days24 Days-34.2%

Summary: Homes in York Township had an average of 24 days on market in Mar 2024, down by 34.2% compared to last year.

Breakdown of Home Sale Times

69 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in York Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 88 homes were sold in York Township; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

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

Report Updated 18 Days Ago

Newest Listings in York Township, IL

Nearby Markets to York Township, IL

What housing markets are near York Township, IL?