Is Warren 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, Warren Township has remained a Seller's Market.
Housing Prices in Warren Township, IL
How much do homes in Warren Township, IL cost?
Median Sold Price
$339,777
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Warren Township was $339,777 in April 2024, up 12.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121.5K | $140K | +15.2% |
2 Bedrooms | $195K | $224.9K | +15.4% |
3 Bedrooms | $280K | $310.1K | +10.8% |
4 Bedrooms | $399.9K | $435K | +8.8% |
5+ Bedrooms | $506.5K | $492.4K | -2.8% |
Summary: Warren Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in Warren Township, IL
How many homes are available in Warren Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
146 | 167 | +14.4% |
Summary: The Warren Township real estate market had 167 homes for sale in April 2024, a 14.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 31 | 29 | -6.5% |
3 Bedrooms | 52 | 59 | +13.5% |
4 Bedrooms | 44 | 59 | +34.1% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Warren Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 48 | +2.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Warren Township in April 2024, up by 2.1% month-over-month. Of the 48 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% were sold over asking.
Days on Market for Warren Township, IL
How long does it take to sell a home in Warren Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 14 Days | -15.7% |
Summary: Homes in Warren Township had an average of 14 days on market in Apr 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Warren Township; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.