Is Freeburg 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, Freeburg Township has remained a Seller's Market.
Housing Prices in Freeburg Township, IL
How much do homes in Freeburg Township, IL cost?
Median Sold Price
$281,667
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Freeburg Township was $281,667 in May 2024, up 16.2% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $119K | $150K | +26.1% |
3 Bedrooms | $255K | $250K | -2.0% |
4 Bedrooms | $338K | $400K | +18.3% |
5+ Bedrooms | $360K | $453.7K | +26.0% |
Summary: Freeburg Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 26%.
Median Sold Price Compared To Nearby Cities
Freeburg Township | $242.5K | $281.6K | +16.2% |
Shiloh Valley Township | $325K | $375K | +15.4% |
Freeburg | $242.5K | $278K | +14.6% |
Mascoutah | $251K | $280K | +11.6% |
Housing Supply in Freeburg Township, IL
How many homes are available in Freeburg Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Summary: The Freeburg Township real estate market had 17 homes for sale in May 2024, a 41.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 5 | 10 | +100.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Freeburg 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 increased by 200%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Freeburg Township in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Freeburg Township, IL
How long does it take to sell a home in Freeburg Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 50 Days | +269.0% |
Summary: Homes in Freeburg Township had an average of 50 days on market in May 2024, up by 269% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Freeburg Township; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.