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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Breese Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Breese Township, IL

How much do homes in Breese Township, IL cost?

Median Sold Price

$230,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$20,000(-8.0%)

Key Takeaway

Homes in Breese Township have sold for 8% less than they did a year ago.

Summary: The median home sold price in Breese Township was $230,000 in October 2024, down 8% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$100K
N/A
2 $105.9K$180K
+69.9%
3 $250K$230K
-8.0%
4 $309.5K$244.9K
-20.9%
5+ $262.5K$447K
+70.3%

Summary: Breese 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 69.9%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes increased by 70.3%.

Median Sold Price Compared To Nearby Cities

Breese Township
-8.0%
Breese
-8.0%
Aviston
-10.3%

Housing Supply in Breese Township, IL

How many homes are available in Breese Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1217+41.7%

Summary: The Breese Township real estate market had 17 homes for sale in October 2024, a 41.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 14
+300.0%
3 78
+14.3%
4 34
+33.3%
5+ 00
0.0%

Summary: The Breese 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 increased by 300%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
18+700.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Breese Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Breese Township in October 2024, up by 700.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Breese Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days38 Days-14.9%

Summary: Homes in Breese Township had an average of 38 days on market in Oct 2024, down by 14.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Breese Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 17 Days Ago

Newest Listings in Breese Township, IL

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