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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Towanda Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Towanda Township has remained a Seller's Market.

Key Takeaway

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

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.

Key Takeaway

The sold price of homes in Towanda Township has remained the same since last year.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $227.5K$408K
+79.3%
3 $382.5K$311.7K
-18.5%
4 $395K$420K
+6.3%
5+ $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
+16.0%
Normal
+13.6%
Towanda Township
0.0%

Housing Supply in Towanda Township, IL

How many homes are available in Towanda Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1113+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 65
-16.7%
4 36
+100.0%
5+ 22
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 2024May 2024CHANGE
14+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Towanda Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023May 2024CHANGE
97 Days7 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Towanda Township, IL

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