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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aroma Township is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Aroma Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Aroma Township, IL

How much do homes in Aroma Township, IL cost?

Median Sold Price

$207,500

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,500(+14.0%)

Key Takeaway

Homes in Aroma Township have sold for 14% more than they did a year ago.

Summary: The median home sold price in Aroma Township was $207,500 in October 2024, up 14% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $45K-
N/A
2 $140K$170K
+21.4%
3 $196.5K$207.5K
+5.6%
4 $220K$246K
+11.8%
5+ $347.5K$325K
-6.5%

Summary: Aroma Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Cities

Aroma Township
+14.0%
Kankakee Township
+10.0%
Kankakee
+10.0%

Housing Supply in Aroma Township, IL

How many homes are available in Aroma Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2931+6.9%

Summary: The Aroma Township real estate market had 31 homes for sale in October 2024, a 6.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1718
+5.9%
4 57
+40.0%
5+ 33
0.0%

Summary: The Aroma 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 decreased by 25%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aroma Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Aroma Township in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Aroma Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days35 Days-3.6%

Summary: Homes in Aroma Township had an average of 35 days on market in Oct 2024, down by 3.6% compared to last year.

Breakdown of Home Sale Times

2 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 Aroma Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Aroma Township; 67% of homes were sold within 30 days, 33% 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 20 Days Ago

Newest Listings in Aroma Township, IL

Nearby Markets to Aroma Township, IL

What housing markets are near Aroma Township, IL?