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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burton Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Burton Township, IL

How much do homes in Burton Township, IL cost?

Median Sold Price

$417,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$55,000(+15.2%)

Key Takeaway

Homes in Burton Township have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Burton Township was $417,500 in November 2024, up 15.2% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$150K
N/A
2 $221K$182.5K
-17.4%
3 $305K$290K
-4.9%
4 $397.5K$480K
+20.8%
5+ $571.2K$352K
-38.4%

Summary: Burton 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 decreased by 17.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 38.4%.

Median Sold Price Compared To Nearby Cities

Burton Township
+15.2%
Randall
+13.2%
Spring Grove
+10.4%
Twin Lakes
+4.0%
Fox Lake
+2.2%

Housing Supply in Burton Township, IL

How many homes are available in Burton Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1410-28.6%

Summary: The Burton Township real estate market had 10 homes for sale in November 2024, a 28.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 32
-33.3%
4 75
-28.6%
5+ 10
-100.0%

Summary: The Burton 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 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was 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 Burton 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 Burton Township in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Burton Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
59 Days43 Days-28.0%

Summary: Homes in Burton Township had an average of 43 days on market in Nov 2024, down by 28% compared to last year.

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

Summary: During November 2024, 2 homes were sold in Burton 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 17 Days Ago

Newest Listings in Burton Township, IL

Nearby Markets to Burton Township, IL

What housing markets are near Burton Township, IL?