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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cuba Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Cuba Township, IL

How much do homes in Cuba Township, IL cost?

Median Sold Price

$503,750

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,250(+8.9%)

Key Takeaway

Homes in Cuba Township have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Cuba Township was $503,750 in October 2024, up 8.9% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275K$225K
-18.2%
2 $268.7K$287.5K
+7.0%
3 $381K$425K
+11.5%
4 $630K$659.9K
+4.7%
5+ $1.0M$915.5K
-8.4%

Summary: Cuba Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Cities

North Barrington
+31.9%
Fox River Grove
+27.7%
Cuba Township
+8.9%
Lake Barrington
+4.6%

Housing Supply in Cuba Township, IL

How many homes are available in Cuba Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
103119+15.5%

Summary: The Cuba Township real estate market had 119 homes for sale in October 2024, a 15.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1316
+23.1%
3 3738
+2.7%
4 2939
+34.5%
5+ 2326
+13.0%

Summary: The Cuba Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 34.5%, and 5+ bedroom homes increased by 13%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2224+9.1%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cuba Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Cuba Township in October 2024, up by 9.1% month-over-month. Of the 24 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.

Days on Market for Cuba Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days39 Days+42.9%

Summary: Homes in Cuba Township had an average of 39 days on market in Oct 2024, up by 42.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 24 homes were sold in Cuba Township; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 20 Days Ago

Newest Listings in Cuba Township, IL

Nearby Markets to Cuba Township, IL

What housing markets are near Cuba Township, IL?