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 November 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

$170,136

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,134(+9.8%)

Key Takeaway

Homes in Capital Township have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Capital Township was $170,136 in November 2024, up 9.8% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $43K$49.5K
+15.1%
2 $94.9K$110K
+15.9%
3 $160.7K$175K
+8.8%
4 $250.6K$265K
+5.7%
5+ $430K$485K
+12.8%

Summary: Capital Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 12.8%.

Median Sold Price Compared To Nearby Cities

Springfield
+12.7%
Woodside Township
+10.7%
Capital Township
+9.8%

Housing Supply in Capital Township, IL

How many homes are available in Capital Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
375347-7.5%

Summary: The Capital Township real estate market had 347 homes for sale in November 2024, a 7.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 9282
-10.9%
3 151154
+2.0%
4 9784
-13.4%
5+ 3124
-22.6%

Summary: The Capital Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes decreased by 22.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
133100-24.8%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

33 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. 47% of homes here sold below asking price last month.

Summary: A total of 100 homes were sold or pending in Capital Township in November 2024, down by 24.8% month-over-month. Of the 100 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
9 Days16 Days+81.9%

Summary: Homes in Capital Township had an average of 16 days on market in Nov 2024, up by 81.9% compared to last year.

Breakdown of Home Sale Times

83 Homes Were Sold
Under 30 Days

12 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 November 2024, 100 homes were sold in Capital Township; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% 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 21 Days Ago

Newest Listings in Capital Township, IL

Nearby Markets to Capital Township, IL

What housing markets are near Capital Township, IL?