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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Central Township was a Seller's Market.

Key Takeaway

Central Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Central Township, IL

How much do homes in Central Township, IL cost?

Median Sold Price

$141,500

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,500(+6.4%)

Key Takeaway

Homes in Central Township have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Central Township was $141,500 in November 2024, up 6.4% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $58K-
N/A
2 $85K$105K
+23.5%
3 $151K$157K
+4.0%
4 $170K$172K
+1.2%
5+ $157K-
N/A

Summary: Central 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 increased by 23.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Greenville
+14.4%
Central Township
+6.4%

Housing Supply in Central Township, IL

How many homes are available in Central Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2230+36.4%

Summary: The Central Township real estate market had 30 homes for sale in November 2024, a 36.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 58
+60.0%
3 812
+50.0%
4 56
+20.0%
5+ 33
0.0%

Summary: The Central 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 increased by 60%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Central Township in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Central Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days30 Days-15.1%

Summary: Homes in Central Township had an average of 30 days on market in Nov 2024, down by 15.1% 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 Central Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Central 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 24 Days Ago

Newest Listings in Central Township, IL

Nearby Markets to Central Township, IL

What housing markets are near Central Township, IL?