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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centreville Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Centreville Township, IL

How much do homes in Centreville Township, IL cost?

Median Sold Price

$50,000

$50/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,000(+2.0%)

Key Takeaway

Homes in Centreville Township have sold for 2% more than they did a year ago.

Summary: The median home sold price in Centreville Township was $50,000 in October 2024, up 2% from last year, and the median price per square foot was $50.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $68K$19K
-72.1%
2 $29.5K$40.5K
+37.3%
3 $49.4K$48K
-2.8%
4 $66.5K$85K
+27.8%
5+ $72K$75.5K
+4.9%

Summary: Centreville Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.1%, 2 bedroom homes increased by 37.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 4.9%.

Housing Supply in Centreville Township, IL

How many homes are available in Centreville Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6971+2.9%

Summary: The Centreville Township real estate market had 71 homes for sale in October 2024, a 2.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1612
-25.0%
3 4247
+11.9%
4 79
+28.6%
5+ 10
-100.0%

Summary: The Centreville 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 decreased by 25%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2218-18.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 18 homes were sold or pending in Centreville Township in October 2024, down by 18.2% month-over-month. Of the 18 sold homes, 39% were sold under asking, 50% were sold at asking, and 11% were sold over asking.

Days on Market for Centreville Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days26 Days-35.6%

Summary: Homes in Centreville Township had an average of 26 days on market in Oct 2024, down by 35.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 18 homes were sold in Centreville Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 Centreville Township, IL

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What housing markets are near Centreville Township, IL?