Is Rutland 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, Rutland Township has remained a Seller's Market.
Housing Prices in Rutland Township, IL
How much do homes in Rutland Township, IL cost?
Median Sold Price
$315,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rutland Township was $315,000 in April 2024, up 5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $235K | +6.8% |
2 Bedrooms | $277.4K | $294.9K | +6.3% |
3 Bedrooms | $289.4K | $305K | +5.4% |
4 Bedrooms | $408K | $408.9K | 0.2% |
5+ Bedrooms | $408K | $465.5K | +14.1% |
Summary: Rutland Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
Pingree Grove | $269.4K | $305K | +13.2% |
Hampshire | $350K | $386.2K | +10.4% |
Gilberts | $300K | $327.7K | +9.3% |
Rutland Township | $300K | $315K | +5.0% |
Huntley | $345K | $350K | +1.4% |
Housing Supply in Rutland Township, IL
How many homes are available in Rutland Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 140 | +23.9% |
Summary: The Rutland Township real estate market had 140 homes for sale in April 2024, a 23.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 68 | 64 | -5.9% |
3 Bedrooms | 34 | 49 | +44.1% |
4 Bedrooms | 10 | 23 | +130.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Rutland Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 44.1%, 4 bedroom homes increased by 130%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Rutland Township in April 2024, up by 11.1% month-over-month. Of the 40 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.
Days on Market for Rutland Township, IL
How long does it take to sell a home in Rutland Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 32 Days | +50.2% |
Summary: Homes in Rutland Township had an average of 32 days on market in Apr 2024, up by 50.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in Rutland Township; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.