Is Towanda 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, Towanda Township has remained a Seller's Market.
Housing Prices in Towanda Township, IL
How much do homes in Towanda Township, IL cost?
Median Sold Price
$385,000
$131/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Towanda Township was $385,000 in May 2024, the same as last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $227.5K | $408K | +79.3% |
3 Bedrooms | $382.5K | $311.7K | -18.5% |
4 Bedrooms | $395K | $420K | +6.3% |
5+ Bedrooms | $409.1K | $400K | -2.2% |
Summary: Towanda 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 increased by 79.3%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
Normal Township | $215.5K | $250K | +16.0% |
Normal | $220K | $250K | +13.6% |
Towanda Township | $385K | $385K | 0.0% |
Housing Supply in Towanda Township, IL
How many homes are available in Towanda Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 13 | +18.2% |
Summary: The Towanda Township real estate market had 13 homes for sale in May 2024, a 18.2% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Towanda 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 increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Towanda Township in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Towanda Township, IL
How long does it take to sell a home in Towanda Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
97 Days | 7 Days | -92.5% |
Summary: Homes in Towanda Township had an average of 7 days on market in May 2024, down by 92.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Towanda 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.