Is Nameoki Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Nameoki Township has remained a Seller's Market.
Key Takeaway
Nameoki Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nameoki Township, IL
How much do homes in Nameoki Township, IL cost?
Median Sold Price
$160,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Nameoki Township have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Nameoki Township was $160,000 in April 2024, up 13.5% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $17.5K | - | N/A |
| 2 Bedrooms | $89.2K | $95K | +6.4% |
| 3 Bedrooms | $150K | $160.5K | +7.0% |
| 4 Bedrooms | $205K | $178K | -13.2% |
| 5+ Bedrooms | $223.4K | $349K | +56.2% |
Summary: Nameoki 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 increased by 6.4%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 56.2%.
Median Sold Price Compared To Nearby Cities
| Pontoon Beach | $150K | $183.7K | +22.5% |
| Venice Township | $34.5K | $40K | +15.9% |
| Nameoki Township | $141K | $160K | +13.5% |
| Granite City Township | $108.7K | $120K | +10.4% |
| Granite City | $109.8K | $120K | +9.3% |
Housing Supply in Nameoki Township, IL
How many homes are available in Nameoki Township, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 38 | +18.8% |
Summary: The Nameoki Township real estate market had 38 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Nameoki 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 increased by 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 15 | +114.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nameoki Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Nameoki Township in April 2024, up by 114.3% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Nameoki Township, IL
How long does it take to sell a home in Nameoki Township, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 40 Days | -15.4% |
Summary: Homes in Nameoki Township had an average of 40 days on market in Apr 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nameoki Township has remained consistent over time.
Summary: During April 2024, 15 homes were sold in Nameoki Township; 33% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.