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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Capital Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Capital Township, IL

How much do homes in Capital Township, IL cost?

Median Sold Price

$160,428

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,753(+7.2%)

Key Takeaway

Homes in Capital Township have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Capital Township was $160,428 in May 2024, up 7.2% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $48.8K$41K
-16.1%
2 $93.7K$103.4K
+10.4%
3 $155.3K$165K
+6.3%
4 $271.2K$247.5K
-8.8%
5+ $424K$455K
+7.3%

Summary: Capital Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 7.3%.

Median Sold Price Compared To Nearby Cities

Woodside Township
+16.0%
Jerome
+13.6%
Springfield
+10.4%
Capital Township
+7.2%

Housing Supply in Capital Township, IL

How many homes are available in Capital Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
435411-5.5%

Summary: The Capital Township real estate market had 411 homes for sale in May 2024, a 5.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 66
0.0%
2 122111
-9.0%
3 208189
-9.1%
4 7881
+3.8%
5+ 2124
+14.3%

Summary: The Capital 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 decreased by 9%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
128157+22.7%

Asking Price vs. Sold Price

61 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

71 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Capital Township, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.

Summary: A total of 157 homes were sold or pending in Capital Township in May 2024, up by 22.7% month-over-month. Of the 157 sold homes, 39% were sold under asking, 16% were sold at asking, and 45% were sold over asking.

Days on Market for Capital Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
15 Days12 Days-21.0%

Summary: Homes in Capital Township had an average of 12 days on market in May 2024, down by 21% compared to last year.

Breakdown of Home Sale Times

140 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 157 homes were sold in Capital Township; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% 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 1 Day Ago

Newest Listings in Capital Township, IL

Nearby Markets to Capital Township, IL

What housing markets are near Capital Township, IL?