$1,223 Closing Credit*
$103,000
1,372 SqFt
3 Beds
•1 Full Bath
Listing Office: Keller Williams Marquee
Is Chester Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Chester Township was a Seller's Market.
Key Takeaway
Chester Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chester Township, IL
How much do homes in Chester Township, IL cost?
Median Sold Price
$129,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,500(+1.2%)
Key Takeaway
Homes in Chester Township have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Chester Township was $129,000 in October 2024, up 1.2% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $33.4K | - | N/A |
| 2 Bedrooms | $74.5K | $120K | +61.1% |
| 3 Bedrooms | $130K | $129K | -0.8% |
| 4 Bedrooms | $175K | $155K | -11.4% |
| 5+ Bedrooms | - | $375K | N/A |
Summary: Chester Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.1%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| East Lincoln Township | $95K | $121.9K | +28.4% |
| Lincoln | $99K | $119.3K | +20.5% |
| Chester Township | $127.5K | $129K | +1.2% |
Housing Supply in Chester Township, IL
How many homes are available in Chester Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The Chester Township real estate market had 24 homes for sale in October 2024, a 4.0% decrease 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Chester 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 28.6%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chester Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Chester Township in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Chester Township, IL
How long does it take to sell a home in Chester Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 102 Days | 35 Days | -65.7% |
Summary: Homes in Chester Township had an average of 35 days on market in Oct 2024, down by 65.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chester Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Chester 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.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.