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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burton Township is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Burton Township was a Neutral Market.

Key Takeaway

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

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

+$12,600(+3.5%)

Key Takeaway

Homes in Burton Township have sold for 3.5% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $210.5K$225.5K
+7.1%
3 $285K$315K
+10.5%
4 $385.4K$450K
+16.7%
5+ $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
+11.6%
Twin Lakes
+4.3%
Burton Township
+3.5%
Fox Lake
+3.5%
Spring Grove
-9.6%

Housing Supply in Burton Township, IL

How many homes are available in Burton Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1321+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 510
+100.0%
4 610
+66.7%
5+ 00
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 2024Apr 2024CHANGE
26+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burton Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
126 Days29 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 17 Days Ago

Newest Listings in Burton Township, IL

Nearby Markets to Burton Township, IL

What housing markets are near Burton Township, IL?