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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fox Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Fox Township, IL

How much do homes in Fox Township, IL cost?

Median Sold Price

$432,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$60,000(-12.2%)

Key Takeaway

Homes in Fox Township have sold for 12.2% less than they did a year ago.

Summary: The median home sold price in Fox Township was $432,500 in April 2024, down 12.2% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 -$155K
N/A
3 $452.2K$342.5K
-24.3%
4 $495K$585K
+18.2%
5+ $1.9M$492.4K
-74.1%

Summary: Fox Township housing prices by bedroom type for April 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 decreased by 24.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 74.1%.

Median Sold Price Compared To Nearby Cities

Newark
+23.8%
Northville Township
+22.8%
Fox Township
-12.2%

Housing Supply in Fox Township, IL

How many homes are available in Fox Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
43-25.0%

Summary: The Fox Township real estate market had 3 homes for sale in April 2024, a 25.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The Fox Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fox Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Fox Township in April 2024, the same as the previous 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 Fox Township, IL

How long does it take to sell a home in Fox Township, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
19 Days5 Days-73.7%

Summary: Homes in Fox Township had an average of 5 days on market in Apr 2024, down by 73.7% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in Fox 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 28 Days Ago

Newest Listings in Fox Township, IL

Nearby Markets to Fox Township, IL

What housing markets are near Fox Township, IL?