$2,018 Closing Credit*
$169,900
2,128 SqFt
4 Beds
•2 Full Baths
Terry Toms, Listing Office: Homefinders Realty
Is Cave Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cave Township has remained a Seller's Market.
Key Takeaway
Cave Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cave Township, IL
How much do homes in Cave Township, IL cost?
Median Sold Price
$119,100
$94/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$61,900(-34.2%)
Key Takeaway
Homes in Cave Township have sold for 34.2% less than they did a month ago.
Summary: The median home sold price in Cave Township was $119,100 in October 2024, down 34.2% from last month, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $119.1K | N/A |
| 3 Bedrooms | $217K | $69K | -68.2% |
| 4 Bedrooms | $145K | $149K | +2.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cave Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 68.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Thompsonville | $146K | $119.1K | -18.4% |
| Cave Township | $181K | $119.1K | -34.2% |
Housing Supply in Cave Township, IL
How many homes are available in Cave Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The Cave Township real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cave 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 66.7%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cave Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cave Township in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Cave Township, IL
How long does it take to sell a home in Cave Township, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 11 Days | -36.0% |
Summary: Homes in Cave Township had an average of 11 days on market in Oct 2024, down by 36% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cave Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Cave Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.