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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nunda Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Nunda Township, IL

How much do homes in Nunda Township, IL cost?

Median Sold Price

$337,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$37,000(+12.3%)

Key Takeaway

Homes in Nunda Township have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Nunda Township was $337,000 in May 2024, up 12.3% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $97.5K$124.9K
+28.1%
2 $215K$225K
+4.7%
3 $280K$314.6K
+12.4%
4 $420.8K$469.9K
+11.7%
5+ $496K$560K
+12.9%

Summary: Nunda Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Cities

Crystal Lake
+20.3%
Nunda Township
+12.3%
Prairie Grove
+7.8%

Housing Supply in Nunda Township, IL

How many homes are available in Nunda Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
154170+10.4%

Summary: The Nunda Township real estate market had 170 homes for sale in May 2024, a 10.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 2227
+22.7%
3 6869
+1.5%
4 4959
+20.4%
5+ 1211
-8.3%

Summary: The Nunda Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4552+15.6%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nunda Township, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.

Summary: A total of 52 homes were sold or pending in Nunda Township in May 2024, up by 15.6% month-over-month. Of the 52 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.

Days on Market for Nunda Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
27 Days28 Days+5.9%

Summary: Homes in Nunda Township had an average of 28 days on market in May 2024, up by 5.9% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 52 homes were sold in Nunda Township; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% 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 1 Day Ago

Newest Listings in Nunda Township, IL

Nearby Markets to Nunda Township, IL

What housing markets are near Nunda Township, IL?