Is Chillicothe Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chillicothe Township has remained a Seller's Market.
Key Takeaway
Chillicothe Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chillicothe Township, IL
How much do homes in Chillicothe Township, IL cost?
Median Sold Price
$155,700
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chillicothe Township have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Chillicothe Township was $155,700 in May 2024, up 11.2% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $19K | $61K | +221.1% |
| 2 Bedrooms | $78.9K | $102.5K | +29.9% |
| 3 Bedrooms | $140K | $155K | +10.7% |
| 4 Bedrooms | $172.5K | $191.2K | +10.9% |
| 5+ Bedrooms | $192.5K | $273.7K | +42.2% |
Summary: Chillicothe Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 221.1%, 2 bedroom homes increased by 29.9%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 42.2%.
Median Sold Price Compared To Nearby Cities
| Chillicothe Township | $140K | $155.7K | +11.2% |
| Chillicothe | $141.5K | $156.4K | +10.5% |
| Lacon Township | $116.2K | $118.1K | +1.6% |
Housing Supply in Chillicothe Township, IL
How many homes are available in Chillicothe Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Summary: The Chillicothe Township real estate market had 29 homes for sale in May 2024, a 12.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Chillicothe Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chillicothe Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Chillicothe Township in May 2024, down by 21.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Chillicothe Township, IL
How long does it take to sell a home in Chillicothe Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 16 Days | +36.4% |
Summary: Homes in Chillicothe Township had an average of 16 days on market in May 2024, up by 36.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chillicothe Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Chillicothe Township; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.