Is North Litchfield 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, North Litchfield Township has remained a Seller's Market.
Key Takeaway
North Litchfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Litchfield Township, IL
How much do homes in North Litchfield Township, IL cost?
Median Sold Price
$106,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Litchfield Township have sold for 24.3% less than they did a year ago.
Summary: The median home sold price in North Litchfield Township was $106,000 in May 2024, down 24.3% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47K | - | N/A |
| 2 Bedrooms | $87.5K | $85.5K | -2.3% |
| 3 Bedrooms | $150K | $130K | -13.3% |
| 4 Bedrooms | $205K | $265K | +29.3% |
| 5+ Bedrooms | $297K | $223.4K | -24.8% |
Summary: North Litchfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes decreased by 24.8%.
Median Sold Price Compared To Nearby Cities
| Litchfield | $105K | $104.9K | -0.1% |
| North Litchfield Township | $140K | $106K | -24.3% |
Housing Supply in North Litchfield Township, IL
How many homes are available in North Litchfield Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The North Litchfield Township real estate market had 22 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The North Litchfield 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 increased by 16.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Litchfield Township, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in North Litchfield Township in May 2024, up by 100.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for North Litchfield Township, IL
How long does it take to sell a home in North Litchfield Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 63 Days | 59 Days | -4.9% |
Summary: Homes in North Litchfield Township had an average of 59 days on market in May 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Litchfield Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in North Litchfield Township; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.