Is Somerset Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Somerset Township was a Seller's Market.
Housing Prices in Somerset Township, IL
How much do homes in Somerset Township, IL cost?
Median Sold Price
$157,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Somerset Township was $157,000 in May 2024, up 11.5% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $79.9K | - | N/A |
3 Bedrooms | $143.5K | $157K | +9.4% |
4 Bedrooms | $272.5K | $172K | -36.9% |
5+ Bedrooms | $110K | $143K | +30.0% |
Summary: Somerset 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 did not change, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 36.9%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Cities
Murphysboro | $81K | $120K | +48.1% |
Murphysboro Township | $93.7K | $120K | +28.0% |
Somerset Township | $140.7K | $157K | +11.5% |
Housing Supply in Somerset Township, IL
How many homes are available in Somerset Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Summary: The Somerset Township real estate market had 10 homes for sale in May 2024, a 9.1% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Somerset 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 decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -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
Summary: A total of 1 homes were sold or pending in Somerset 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 Somerset Township, IL
How long does it take to sell a home in Somerset Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
84 Days | 8 Days | -90.5% |
Summary: Homes in Somerset Township had an average of 8 days on market in May 2024, down by 90.5% compared to last year.
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
Summary: During May 2024, 1 homes were sold in Somerset 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.