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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Capital Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Capital Township, IL

How much do homes in Capital Township, IL cost?

Median Sold Price

$169,544

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,633(+9.4%)

Key Takeaway

Homes in Capital Township have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Capital Township was $169,544 in October 2024, up 9.4% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $45K$43K
-4.4%
2 $93.3K$109.4K
+17.3%
3 $160.5K$175K
+9.0%
4 $254.6K$284.3K
+11.7%
5+ $430K$485K
+12.8%

Summary: Capital Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 12.8%.

Median Sold Price Compared To Nearby Cities

Woodside Township
+13.8%
Southern View
+13.7%
Springfield
+11.9%
Capital Township
+9.4%

Housing Supply in Capital Township, IL

How many homes are available in Capital Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
387367-5.2%

Summary: The Capital Township real estate market had 367 homes for sale in October 2024, a 5.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 64
-33.3%
2 8988
-1.1%
3 166145
-12.7%
4 9398
+5.4%
5+ 3332
-3.0%

Summary: The Capital Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
138128-7.2%

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Capital Township, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.

Summary: A total of 128 homes were sold or pending in Capital Township in October 2024, down by 7.2% month-over-month. Of the 128 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% were sold over asking.

Days on Market for Capital Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days18 Days+28.0%

Summary: Homes in Capital Township had an average of 18 days on market in Oct 2024, up by 28% compared to last year.

Breakdown of Home Sale Times

105 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 128 homes were sold in Capital Township; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% 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 Capital Township, IL

Nearby Markets to Capital Township, IL

What housing markets are near Capital Township, IL?