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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sheldon Township is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Sheldon Township was a Seller's Market.

Key Takeaway

Sheldon Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sheldon Township, IL

How much do homes in Sheldon Township, IL cost?

Median Sold Price

$53,000

$60/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$31,500(-37.3%)

Key Takeaway

Homes in Sheldon Township have sold for 37.3% less than they did a year ago.

Summary: The median home sold price in Sheldon Township was $53,000 in May 2024, down 37.3% from last year, and the median price per square foot was $60.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$75.9K
N/A
2 $142.5K$33K
-76.8%
3 $84.5K$63K
-25.4%
4 $45K$181.5K
+303.3%
5+ $87K$35K
-59.8%

Summary: Sheldon 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 decreased by 76.8%, 3 bedroom homes decreased by 25.4%, 4 bedroom homes increased by 303.3%, and 5+ bedroom homes decreased by 59.8%.

Median Sold Price Compared To Nearby Cities

Sheldon
-36.9%
Sheldon Township
-37.3%

Housing Supply in Sheldon Township, IL

How many homes are available in Sheldon Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
660.0%

Summary: The Sheldon Township real estate market had 6 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 23
+50.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Sheldon 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 increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sheldon Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Sheldon Township in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Sheldon Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
97 Days9 Days-90.7%

Summary: Homes in Sheldon Township had an average of 9 days on market in May 2024, down by 90.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Sheldon Township; 100% of homes were sold within 30 days, 0% 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 Sheldon Township, IL

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