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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Andalusia Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Andalusia Township, IL

How much do homes in Andalusia Township, IL cost?

Median Sold Price

$236,500

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,950(-4.4%)

Key Takeaway

Homes in Andalusia Township have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in Andalusia Township was $236,500 in November 2024, down 4.4% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $147K$221K
+50.3%
3 $194.9K$236.5K
+21.3%
4 $347K$277.5K
-20.0%
5+ --
N/A

Summary: Andalusia Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50.3%, 3 bedroom homes increased by 21.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Buffalo Township
+20.8%
Andalusia Township
-4.4%
Taylor Ridge
-34.1%

Housing Supply in Andalusia Township, IL

How many homes are available in Andalusia Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The Andalusia Township real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 74
-42.9%
4 12
+100.0%
5+ 01
+100.0%

Summary: The Andalusia Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Andalusia Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Andalusia Township in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Andalusia Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
7 Days32 Days+357.1%

Summary: Homes in Andalusia Township had an average of 32 days on market in Nov 2024, up by 357.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Andalusia Township; 50% of homes were sold within 30 days, 50% 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 21 Days Ago

Newest Listings in Andalusia Township, IL

Nearby Markets to Andalusia Township, IL

What housing markets are near Andalusia Township, IL?