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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Colchester Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Colchester Township has remained a Neutral Market.

Key Takeaway

Colchester 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 Colchester Township, IL

How much do homes in Colchester Township, IL cost?

Median Sold Price

$86,500

$87/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$158,950(-64.8%)

Key Takeaway

Homes in Colchester Township have sold for 64.8% less than they did a month ago.

Summary: The median home sold price in Colchester Township was $86,500 in November 2024, down 64.8% from last month, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$74K
N/A
3 $290.9K$99K
-66.0%
4 --
N/A
5+ $200K-
N/A

Summary: Colchester Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 66%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Colchester Township
-64.8%
Colchester
-64.8%

Housing Supply in Colchester Township, IL

How many homes are available in Colchester Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1112+9.1%

Summary: The Colchester Township real estate market had 12 homes for sale in November 2024, a 9.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 87
-12.5%
4 12
+100.0%
5+ 10
-100.0%

Summary: The Colchester 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 increased by 200%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

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 Colchester 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 Colchester Township in November 2024, the same as the previous 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 Colchester Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
65 Days203 Days+209.9%

Summary: Homes in Colchester Township had an average of 203 days on market in Nov 2024, up by 209.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Colchester Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in Colchester Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

Newest Listings in Colchester Township, IL

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