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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing York Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in York Township, IL

How much do homes in York Township, IL cost?

Median Sold Price

$377,186

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$13,219(+3.6%)

Key Takeaway

Homes in York Township have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in York Township was $377,186 in May 2024, up 3.6% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $135K$150K
+11.1%
2 $255K$285K
+11.8%
3 $350K$371.8K
+6.2%
4 $620K$629.2K
+1.5%
5+ $755K$907.5K
+20.2%

Summary: York Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 20.2%.

Median Sold Price Compared To Nearby Cities

Oak Brook
+9.6%
Villa Park
+5.5%
York Township
+3.6%
Elmhurst
+1.0%

Housing Supply in York Township, IL

How many homes are available in York Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
386455+17.9%

Summary: The York Township real estate market had 455 homes for sale in May 2024, a 17.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1521
+40.0%
2 8496
+14.3%
3 126152
+20.6%
4 116127
+9.5%
5+ 4559
+31.1%

Summary: The York Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 31.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1161160.0%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

63 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in York Township, you could pay more than the asking price. 54.3% of homes here sold above asking price last month.

Summary: A total of 116 homes were sold or pending in York Township in May 2024, the same as the previous month. Of the 116 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% were sold over asking.

Days on Market for York Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
25 Days19 Days-26.0%

Summary: Homes in York Township had an average of 19 days on market in May 2024, down by 26% compared to last year.

Breakdown of Home Sale Times

98 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 116 homes were sold in York Township; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% 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 York Township, IL

Nearby Markets to York Township, IL

What housing markets are near York Township, IL?