Is Garfield Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garfield Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Garfield Township has remained a Seller's Market.

Key Takeaway

Garfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Garfield Township, IL

How much do homes in Garfield Township, IL cost?

Median Sold Price

$180,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

+$67,500(+60.0%)

Key Takeaway

Homes in Garfield Township have sold for 60% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $20K-
N/A
2 -$180K
N/A
3 $205K-
N/A
4 --
N/A
5+ --
N/A

Summary: Garfield Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Garfield Township
+60.0%
Gardner
+60.0%
Greenfield Township
-40.7%

Housing Supply in Garfield Township, IL

How many homes are available in Garfield Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
54-20.0%

Summary: The Garfield Township real estate market had 4 homes for sale in May 2024, a 20.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 11
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Garfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 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 2024May 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garfield Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Garfield Township in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Garfield Township, IL

How long does it take to sell a home in Garfield Township, IL?

Average Sale Time

Apr 2024May 2024CHANGE
21 Days9 Days-57.1%

Summary: Homes in Garfield Township had an average of 9 days on market in May 2024, down by 57.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Garfield Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in Garfield 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Garfield Township, IL

Nearby Markets to Garfield Township, IL

What housing markets are near Garfield Township, IL?