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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downs Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Downs Township was a Seller's Market.

Key Takeaway

Downs Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Downs Township, IL

How much do homes in Downs Township, IL cost?

Median Sold Price

$572,500

$180/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$211,250(+58.5%)

Key Takeaway

Homes in Downs Township have sold for 58.5% more than they did a month ago.

Summary: The median home sold price in Downs Township was $572,500 in April 2024, up 58.5% from last month, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $172.5K$572.5K
+231.9%
4 $550K-
N/A
5+ --
N/A

Summary: Downs Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 231.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Downs
+231.9%
Empire Township
+100.1%
Downs Township
+58.5%

Housing Supply in Downs Township, IL

How many homes are available in Downs Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1112+9.1%

Summary: The Downs Township real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 79
+28.6%
4 33
0.0%
5+ 10
-100.0%

Summary: The Downs 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Downs Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Downs Township in April 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Downs Township, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
169 Days78 Days-53.8%

Summary: Homes in Downs Township had an average of 78 days on market in Apr 2024, down by 53.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Downs Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Downs Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 Apr 1, 2024

Newest Listings in Downs Township, IL

Nearby Markets to Downs Township, IL

What housing markets are near Downs Township, IL?