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 January 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

$374,810

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$14,086(+3.9%)

Key Takeaway

Homes in York Township have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in York Township was $374,810 in January 2024, up 3.9% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $135K$147.5K
+9.3%
2 $249.5K$281.3K
+12.7%
3 $350K$360K
+2.9%
4 $589.1K$620K
+5.2%
5+ $766.5K$844K
+10.1%

Summary: York Township housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Cities

Oak Brook
+10.0%
York Township
+3.9%
Villa Park
-1.7%
Elmhurst
-5.9%

Housing Supply in York Township, IL

How many homes are available in York Township, IL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
282285+1.1%

Summary: The York Township real estate market had 285 homes for sale in January 2024, a 1.1% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 1315
+15.4%
2 6866
-2.9%
3 10399
-3.9%
4 6778
+16.4%
5+ 3127
-12.9%

Summary: The York Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 12.9%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
7985+7.6%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

30 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. 45.9% of homes here sold below asking price last month.

Summary: A total of 85 homes were sold or pending in York Township in January 2024, up by 7.6% month-over-month. Of the 85 sold homes, 46% were sold under asking, 19% were sold at asking, and 35% 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

Jan 2023Jan 2024CHANGE
29 Days31 Days+5.5%

Summary: Homes in York Township had an average of 31 days on market in Jan 2024, up by 5.5% compared to last year.

Breakdown of Home Sale Times

57 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

9 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 January 2024, 85 homes were sold in York Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 20 Days Ago

Newest Listings in York Township, IL

Nearby Markets to York Township, IL

What housing markets are near York Township, IL?