Is Radnor 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, Radnor Township has remained a Seller's Market.
Key Takeaway
Radnor Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Radnor Township, IL
How much do homes in Radnor Township, IL cost?
Median Sold Price
$405,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Radnor Township have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Radnor Township was $405,000 in May 2024, up 12.5% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | $95.5K | -13.2% |
| 3 Bedrooms | $253.2K | $334.2K | +32.0% |
| 4 Bedrooms | $330.5K | $370K | +12.0% |
| 5+ Bedrooms | $457.4K | $500K | +9.3% |
Summary: Radnor 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 13.2%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Radnor Township | $360K | $405K | +12.5% |
| Kickapoo Township | $322.5K | $358.7K | +11.2% |
| Medina Township | $285K | $315K | +10.5% |
| Dunlap | $349.2K | $355K | +1.7% |
| Edwards | $380K | $375K | -1.3% |
Housing Supply in Radnor Township, IL
How many homes are available in Radnor Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Radnor Township real estate market had 25 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The Radnor 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 100%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Radnor Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Radnor Township in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Radnor Township, IL
How long does it take to sell a home in Radnor Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 12 Days | -26.5% |
Summary: Homes in Radnor Township had an average of 12 days on market in May 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Radnor Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Radnor Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.