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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moraine Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Moraine Township, IL

How much do homes in Moraine Township, IL cost?

Median Sold Price

$651,833

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$51,833(+8.6%)

Key Takeaway

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

Summary: The median home sold price in Moraine Township was $651,833 in September 2024, up 8.6% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $385K$175K
-54.5%
2 $347.5K$389K
+11.9%
3 $485K$520K
+7.2%
4 $735K$773K
+5.2%
5+ $1.0M$1.3M
+33.0%

Summary: Moraine Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.5%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 33%.

Median Sold Price Compared To Nearby Cities

Highland Park
+9.9%
Moraine Township
+8.6%
Highwood
+8.0%
West Deerfield Township
+5.8%
Deerfield
+2.6%

Housing Supply in Moraine Township, IL

How many homes are available in Moraine Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
131147+12.2%

Summary: The Moraine Township real estate market had 147 homes for sale in September 2024, a 12.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 2122
+4.8%
3 3643
+19.4%
4 4045
+12.5%
5+ 3336
+9.1%

Summary: The Moraine Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3733-10.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moraine Township, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Moraine Township in September 2024, down by 10.8% month-over-month. Of the 33 sold homes, 48% were sold under asking, 9% were sold at asking, and 42% were sold over asking.

Days on Market for Moraine Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
117 Days29 Days-74.5%

Summary: Homes in Moraine Township had an average of 29 days on market in Sep 2024, down by 74.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 33 homes were sold in Moraine Township; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 Sep 1, 2024

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