Is Washington 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, Washington Township has remained a Seller's Market.
Housing Prices in Washington Township, IL
How much do homes in Washington Township, IL cost?
Median Sold Price
$225,520
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington Township was $225,520 in April 2024, down 8.3% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.8K | $630K | +389.1% |
2 Bedrooms | $160K | $155K | -3.1% |
3 Bedrooms | $243K | $187K | -23.0% |
4 Bedrooms | $302.5K | $280K | -7.4% |
5+ Bedrooms | $380.7K | $400K | +5.1% |
Summary: Washington Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 389.1%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 23%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Crete Township | $210K | $245K | +16.7% |
Beecher | $258K | $285K | +10.5% |
Washington Township | $246K | $225.5K | -8.3% |
Housing Supply in Washington Township, IL
How many homes are available in Washington Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
94 | 93 | -1.1% |
Summary: The Washington Township real estate market had 93 homes for sale in April 2024, a 1.1% decrease 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 | 9 | 11 | +22.2% |
3 Bedrooms | 47 | 41 | -12.8% |
4 Bedrooms | 30 | 30 | 0.0% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Washington 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 22.2%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 29 | +11.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Washington Township in April 2024, up by 11.5% month-over-month. Of the 29 sold homes, 41% were sold under asking, 24% were sold at asking, and 34% were sold over asking.
Days on Market for Washington Township, IL
How long does it take to sell a home in Washington Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 10 Days | -35.0% |
Summary: Homes in Washington Township had an average of 10 days on market in Apr 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Washington Township; 93% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.