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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Joseph Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Saint Joseph Township, IL

How much do homes in Saint Joseph Township, IL cost?

Median Sold Price

$225,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,000(+4.7%)

Key Takeaway

Homes in Saint Joseph Township have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Saint Joseph Township was $225,000 in May 2024, up 4.7% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $153.5K$165K
+7.5%
3 $204.5K$220K
+7.6%
4 $260K$322.4K
+24.0%
5+ $332.5K$344.6K
+3.6%

Summary: Saint Joseph Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Cities

South Homer Township
+9.8%
Saint Joseph
+7.8%
Saint Joseph Township
+4.7%

Housing Supply in Saint Joseph Township, IL

How many homes are available in Saint Joseph Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1817-5.6%

Summary: The Saint Joseph Township real estate market had 17 homes for sale in May 2024, a 5.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 99
0.0%
4 54
-20.0%
5+ 22
0.0%

Summary: The Saint Joseph 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 remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Joseph Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Saint Joseph Township in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market for Saint Joseph Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
31 Days14 Days-54.8%

Summary: Homes in Saint Joseph Township had an average of 14 days on market in May 2024, down by 54.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Saint Joseph Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 Saint Joseph Township, IL

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