$1,661 Closing Credit*
$139,900
1,945 SqFt
5 Beds
•1 Full Bath
Rachel Oest, Listing Office: Sunflower Real Estate Group, L
Is Cincinnati Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cincinnati Township has remained a Seller's Market.
Key Takeaway
Cincinnati Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cincinnati Township, IL
How much do homes in Cincinnati Township, IL cost?
Median Sold Price
$182,500
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,600(+14.1%)
Key Takeaway
Homes in Cincinnati Township have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Cincinnati Township was $182,500 in October 2024, up 14.1% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $56.2K | -6.3% |
| 2 Bedrooms | $88K | $89.5K | +1.7% |
| 3 Bedrooms | $159.9K | $185K | +15.7% |
| 4 Bedrooms | $210K | $214K | +1.9% |
| 5+ Bedrooms | $280.9K | $270K | -3.9% |
Summary: Cincinnati Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Cincinnati Township | $159.9K | $182.5K | +14.1% |
| Elm Grove Township | $207.5K | $225K | +8.4% |
| Pekin Township | $117.9K | $125K | +5.9% |
| Pekin | $121.2K | $125K | +3.1% |
Housing Supply in Cincinnati Township, IL
How many homes are available in Cincinnati Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Cincinnati Township real estate market had 20 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cincinnati Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cincinnati Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Cincinnati Township in October 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Cincinnati Township, IL
How long does it take to sell a home in Cincinnati Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 9 Days | -12.0% |
Summary: Homes in Cincinnati Township had an average of 9 days on market in Oct 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cincinnati Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Cincinnati Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.