$1,306 Closing Credit*
$110,000
1,320 SqFt
4 Beds
•1 Full Bath
Listing Office: Worth Clark Realty
Is Chester Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$132,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,750(+3.7%)
Key Takeaway
Homes in Chester Township have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Chester Township was $132,000 in November 2024, up 3.7% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $33.4K | - | N/A |
| 2 Bedrooms | $73K | $125K | +71.2% |
| 3 Bedrooms | $128.7K | $130K | +1.0% |
| 4 Bedrooms | $175K | $185K | +5.7% |
| 5+ Bedrooms | $600K | $150K | -75.0% |
Summary: Chester 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 71.2%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 75%.
Median Sold Price Compared To Nearby Cities
| East Lincoln Township | $99.2K | $125K | +25.9% |
| Lincoln | $99.5K | $121.9K | +22.6% |
| Chester Township | $127.2K | $132K | +3.7% |
Housing Supply in Chester Township, IL
How many homes are available in Chester Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The Chester Township real estate market had 25 homes for sale in November 2024, a 13.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Chester Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 55.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Chester Township in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 56 Days | +46.8% |
Summary: Homes in Chester Township had an average of 56 days on market in Nov 2024, up by 46.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chester Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Chester Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.