Is Centreville Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Centreville Township has remained a Seller's Market.
Key Takeaway
Centreville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centreville Township, IL
How much do homes in Centreville Township, IL cost?
Median Sold Price
$50,000
$51/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Centreville Township have sold for 25% more than they did a year ago.
Summary: The median home sold price in Centreville Township was $50,000 in May 2024, up 25% from last year, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $19K | -72.1% |
| 2 Bedrooms | $30K | $35K | +16.7% |
| 3 Bedrooms | $40.5K | $50.5K | +24.7% |
| 4 Bedrooms | $76.5K | $61.5K | -19.6% |
| 5+ Bedrooms | $52.5K | $150K | +185.7% |
Summary: Centreville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.1%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 24.7%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes increased by 185.7%.
Housing Supply in Centreville Township, IL
How many homes are available in Centreville Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 94 | 79 | -16.0% |
Summary: The Centreville Township real estate market had 79 homes for sale in May 2024, a 16.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 19 | 14 | -26.3% |
| 3 Bedrooms | 57 | 50 | -12.3% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Centreville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 26.3%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centreville Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Centreville Township in May 2024, down by 18.5% month-over-month. Of the 22 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Centreville Township, IL
How long does it take to sell a home in Centreville Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 68 Days | 25 Days | -62.9% |
Summary: Homes in Centreville Township had an average of 25 days on market in May 2024, down by 62.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centreville Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Centreville Township; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.