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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cerro Gordo Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Cerro Gordo Township, IL

How much do homes in Cerro Gordo Township, IL cost?

Median Sold Price

$112,190

$62/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$33,810(-23.2%)

Key Takeaway

Homes in Cerro Gordo Township have sold for 23.2% less than they did a year ago.

Summary: The median home sold price in Cerro Gordo Township was $112,190 in November 2024, down 23.2% from last year, and the median price per square foot was $62.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $76.5K$62K
-19.0%
3 $137.5K$117.4K
-14.6%
4 $180K$113.3K
-37.0%
5+ -$95.5K
N/A

Summary: Cerro Gordo 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 decreased by 19%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes decreased by 37%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cerro Gordo
-21.3%
Cerro Gordo Township
-23.2%

Housing Supply in Cerro Gordo Township, IL

How many homes are available in Cerro Gordo Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
990.0%

Summary: The Cerro Gordo Township real estate market had 9 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 44
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Cerro Gordo 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cerro Gordo Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Cerro Gordo Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cerro Gordo Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
3 Days1 Day-71.4%

Summary: Homes in Cerro Gordo Township had an average of 1 days on market in Nov 2024, down by 71.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Cerro Gordo Township; 50% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Cerro Gordo Township, IL

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