Is Troy 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, Troy Township has remained a Seller's Market.
Housing Prices in Troy Township, IL
How much do homes in Troy Township, IL cost?
Median Sold Price
$301,490
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Troy Township was $301,490 in April 2024, up 3.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $194K | $116K | -40.2% |
2 Bedrooms | $225K | $235K | +4.4% |
3 Bedrooms | $274.7K | $290K | +5.5% |
4 Bedrooms | $370K | $385K | +4.1% |
5+ Bedrooms | $410K | $417.5K | +1.8% |
Summary: Troy Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.2%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $199.9K | $247.6K | +23.8% |
Plainfield Township | $327.4K | $360K | +9.9% |
Joliet | $257.9K | $269.9K | +4.7% |
Shorewood | $330K | $345K | +4.5% |
Troy Township | $290.5K | $301.4K | +3.8% |
Housing Supply in Troy Township, IL
How many homes are available in Troy Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
180 | 229 | +27.2% |
Summary: The Troy Township real estate market had 229 homes for sale in April 2024, a 27.2% 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 | 29 | 40 | +37.9% |
3 Bedrooms | 82 | 90 | +9.8% |
4 Bedrooms | 54 | 79 | +46.3% |
5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The Troy 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 37.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 46.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 62 | +44.2% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Troy Township in April 2024, up by 44.2% month-over-month. Of the 62 sold homes, 34% were sold under asking, 23% were sold at asking, and 44% were sold over asking.
Days on Market for Troy Township, IL
How long does it take to sell a home in Troy Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 25 Days | +6.4% |
Summary: Homes in Troy Township had an average of 25 days on market in Apr 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 62 homes were sold in Troy Township; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.