Is Burton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Burton Township was a Neutral Market.
Housing Prices in Burton Township, IL
How much do homes in Burton Township, IL cost?
Median Sold Price
$372,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burton Township was $372,500 in April 2024, up 3.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $210.5K | $225.5K | +7.1% |
3 Bedrooms | $285K | $315K | +10.5% |
4 Bedrooms | $385.4K | $450K | +16.7% |
5+ Bedrooms | $485K | $575K | +18.6% |
Summary: Burton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
Randall | $430K | $480K | +11.6% |
Twin Lakes | $345K | $360K | +4.3% |
Burton Township | $359.9K | $372.5K | +3.5% |
Fox Lake | $217.4K | $225K | +3.5% |
Spring Grove | $410K | $370.5K | -9.6% |
Housing Supply in Burton Township, IL
How many homes are available in Burton Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Summary: The Burton Township real estate market had 21 homes for sale in April 2024, a 61.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 5 | 10 | +100.0% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Burton Township in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Burton Township, IL
How long does it take to sell a home in Burton Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
126 Days | 29 Days | -76.5% |
Summary: Homes in Burton Township had an average of 29 days on market in Apr 2024, down by 76.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Burton Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.