Is Venice 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, Venice Township has remained a Seller's Market.
Housing Prices in Venice Township, IL
How much do homes in Venice Township, IL cost?
Median Sold Price
$50,000
$39/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Venice Township was $50,000 in May 2024, up 47.1% from last year, and the median price per square foot was $39.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $26K | $22.5K | -13.5% |
2 Bedrooms | $32.5K | $36.7K | +13.1% |
3 Bedrooms | $34K | $73.7K | +116.9% |
4 Bedrooms | $27.5K | $81.4K | +196.2% |
5+ Bedrooms | $141.5K | - | N/A |
Summary: Venice Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 116.9%, 4 bedroom homes increased by 196.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Madison | $28K | $50K | +78.6% |
Venice Township | $34K | $50K | +47.1% |
Granite City Township | $109.9K | $120K | +9.1% |
Housing Supply in Venice Township, IL
How many homes are available in Venice Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Summary: The Venice Township real estate market had 7 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Venice 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Venice Township in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Venice Township, IL
How long does it take to sell a home in Venice Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 46 Days | +193.6% |
Summary: Homes in Venice Township had an average of 46 days on market in May 2024, up by 193.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Venice Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.