Is Ludlow Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ludlow Township has remained a Seller's Market.
Housing Prices in Ludlow Township, IL
How much do homes in Ludlow Township, IL cost?
Median Sold Price
$141,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ludlow Township was $141,000 in April 2024, up 15.8% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $86.5K | $140K | +61.8% |
3 Bedrooms | $113.5K | $140K | +23.3% |
4 Bedrooms | $175K | $147.5K | -15.7% |
5+ Bedrooms | - | $375K | N/A |
Summary: Ludlow 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 61.8%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Rantoul Township | $96K | $134.5K | +40.1% |
Rantoul | $96K | $133.7K | +39.3% |
Ludlow Township | $121.7K | $141K | +15.8% |
Housing Supply in Ludlow Township, IL
How many homes are available in Ludlow Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The Ludlow 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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Ludlow 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 increased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Ludlow Township in April 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Ludlow Township, IL
How long does it take to sell a home in Ludlow Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 5 Days | -77.7% |
Summary: Homes in Ludlow Township had an average of 5 days on market in Apr 2024, down by 77.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Ludlow Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.