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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Albany Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Albany Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Albany Township, IL

How much do homes in Albany Township, IL cost?

Median Sold Price

$229,900

$108/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$500(+0.2%)

Key Takeaway

The sold price of homes in Albany Township has remained the same since last month.

Summary: The median home sold price in Albany Township was $229,900 in October 2024, up 0.2% from last month, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$229.9K
N/A
3 $229.4K-
N/A
4 --
N/A
5+ --
N/A

Summary: Albany Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Albany Township
0.2%
Albany
0.2%

Housing Supply in Albany Township, IL

How many homes are available in Albany Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
550.0%

Summary: The Albany Township real estate market had 5 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Albany Township housing inventory by bedroom type for October 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Albany Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

Days on Market for Albany Township, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
3 Days138 Days+4500.0%

Summary: Homes in Albany Township had an average of 138 days on market in Oct 2024, up by 4500% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Albany Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Albany Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 16 Days Ago

Newest Listings in Albany Township, IL

Nearby Markets to Albany Township, IL

What housing markets are near Albany Township, IL?