Is Reed 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, Reed Township has remained a Seller's Market.
Housing Prices in Reed Township, IL
How much do homes in Reed Township, IL cost?
Median Sold Price
$220,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Reed Township was $220,000 in April 2024, up 10% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $110K | +15.8% |
2 Bedrooms | $165K | $178.9K | +8.5% |
3 Bedrooms | $225K | $242.5K | +7.8% |
4 Bedrooms | $287.5K | $302.4K | +5.2% |
5+ Bedrooms | - | $385K | N/A |
Summary: Reed Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Braceville | $171.5K | $207.4K | +21.0% |
Braceville Township | $209.9K | $248.7K | +18.5% |
Reed Township | $200K | $220K | +10.0% |
Braidwood | $200K | $220K | +10.0% |
Housing Supply in Reed Township, IL
How many homes are available in Reed Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 38 | -9.5% |
Summary: The Reed Township real estate market had 38 homes for sale in April 2024, a 9.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 9 | -25.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 18 | 18 | 0.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Reed Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 7 | -56.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Reed Township in April 2024, down by 56.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Reed Township, IL
How long does it take to sell a home in Reed Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 18 Days | +35.6% |
Summary: Homes in Reed Township had an average of 18 days on market in Apr 2024, up by 35.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Reed Township; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.