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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Assumption Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Assumption Township, IL

How much do homes in Assumption Township, IL cost?

Median Sold Price

$75,700

$47/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$139,800(-64.9%)

Key Takeaway

Homes in Assumption Township have sold for 64.9% less than they did a month ago.

Summary: The median home sold price in Assumption Township was $75,700 in November 2024, down 64.9% from last month, and the median price per square foot was $47.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $95K$85.4K
-10.1%
3 -$66K
N/A
4 $260K-
N/A
5+ --
N/A

Summary: Assumption Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.1%, 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

Assumption Township
-64.9%
Assumption
-64.9%
Assumption
-64.9%

Housing Supply in Assumption Township, IL

How many homes are available in Assumption Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1310-23.1%

Summary: The Assumption Township real estate market had 10 homes for sale in November 2024, a 23.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 45
+25.0%
4 41
-75.0%
5+ 00
0.0%

Summary: The Assumption 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 decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was 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 Assumption Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Assumption Township in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Assumption Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
2 Days17 Days+556.3%

Summary: Homes in Assumption Township had an average of 17 days on market in Nov 2024, up by 556.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Assumption Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Assumption 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 4 Days Ago

Newest Listings in Assumption Township, IL

Nearby Markets to Assumption Township, IL