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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampshire Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Hampshire Township, IL

How much do homes in Hampshire Township, IL cost?

Median Sold Price

$379,950

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$30,050(+8.6%)

Key Takeaway

Homes in Hampshire Township have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Hampshire Township was $379,950 in April 2024, up 8.6% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $289.9K$290K
0.0%
3 $314.9K$359.9K
+14.3%
4 $418.9K$439.9K
+5.0%
5+ $400K$437.5K
+9.4%

Summary: Hampshire 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 increased by 14.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Cities

Genoa Township
+12.2%
Hampshire
+10.4%
Hampshire Township
+8.6%

Housing Supply in Hampshire Township, IL

How many homes are available in Hampshire Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
96109+13.5%

Summary: The Hampshire Township real estate market had 109 homes for sale in April 2024, a 13.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 2119
-9.5%
3 3540
+14.3%
4 3545
+28.6%
5+ 55
0.0%

Summary: The Hampshire 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 decreased by 9.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1424+71.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hampshire Township, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Hampshire Township in April 2024, up by 71.4% month-over-month. Of the 24 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.

Days on Market for Hampshire Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
25 Days18 Days-25.9%

Summary: Homes in Hampshire Township had an average of 18 days on market in Apr 2024, down by 25.9% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 24 homes were sold in Hampshire Township; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% 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 Hampshire Township, IL

Nearby Markets to Hampshire Township, IL

What housing markets are near Hampshire Township, IL?