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 neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Cuba Township was a Seller's Market.

Key Takeaway

Cuba 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 Cuba Township, IL

How much do homes in Cuba Township, IL cost?

Median Sold Price

$510,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$60,000(+13.3%)

Key Takeaway

Homes in Cuba Township have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Cuba Township was $510,000 in September 2024, up 13.3% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $275K$232K
-15.6%
2 $265K$290K
+9.4%
3 $380K$428.1K
+12.7%
4 $615K$662.4K
+7.7%
5+ $1.0M$1.0M
-3.1%

Summary: Cuba Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 3.1%.

Median Sold Price Compared To Nearby Cities

North Barrington
+45.9%
Fox River Grove
+23.7%
Cuba Township
+13.3%
Lake Barrington
+6.6%

Housing Supply in Cuba Township, IL

How many homes are available in Cuba Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
113119+5.3%

Summary: The Cuba Township real estate market had 119 homes for sale in September 2024, a 5.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 1617
+6.3%
3 3641
+13.9%
4 4035
-12.5%
5+ 2125
+19.0%

Summary: The Cuba Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3119-38.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 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. 57.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Cuba Township in September 2024, down by 38.7% month-over-month. Of the 19 sold homes, 58% were sold under asking, 16% were sold at asking, and 26% 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

Sep 2023Sep 2024CHANGE
18 Days25 Days+41.9%

Summary: Homes in Cuba Township had an average of 25 days on market in Sep 2024, up by 41.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 September 2024, 19 homes were sold in Cuba Township; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% 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 29 Days Ago

Newest Listings in Cuba Township, IL

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What housing markets are near Cuba Township, IL?