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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Big Rock Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Big Rock Township, IL

How much do homes in Big Rock Township, IL cost?

Median Sold Price

$333,750

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$96,250(-22.4%)

Key Takeaway

Homes in Big Rock Township have sold for 22.4% less than they did a year ago.

Summary: The median home sold price in Big Rock Township was $333,750 in October 2024, down 22.4% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $485K$253.5K
-47.7%
3 $290K$352.5K
+21.6%
4 $556.2K$429.9K
-22.7%
5+ $480K$312K
-35.0%

Summary: Big Rock 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 decreased by 47.7%, 3 bedroom homes increased by 21.6%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 35%.

Median Sold Price Compared To Nearby Cities

Little Rock Township
+16.1%
Sugar Grove
+15.4%
Sugar Grove Township
+7.3%
Big Rock Township
-22.4%

Housing Supply in Big Rock Township, IL

How many homes are available in Big Rock Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
67+16.7%

Summary: The Big Rock Township real estate market had 7 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The Big Rock 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 increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Big Rock Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Big Rock Township in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Big Rock Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days22 Days+103.0%

Summary: Homes in Big Rock Township had an average of 22 days on market in Oct 2024, up by 103% 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 Big Rock Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Big Rock 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 16 Days Ago

Newest Listings in Big Rock Township, IL

Nearby Markets to Big Rock Township, IL

What housing markets are near Big Rock Township, IL?