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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delavan Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Delavan Township, IL

How much do homes in Delavan Township, IL cost?

Median Sold Price

$157,000

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,750(+25.3%)

Key Takeaway

Homes in Delavan Township have sold for 25.3% more than they did a year ago.

Summary: The median home sold price in Delavan Township was $157,000 in November 2024, up 25.3% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $175K-
N/A
2 $63K$82.5K
+31.0%
3 $125K$160K
+28.0%
4 $125K$148K
+18.4%
5+ $349.5K$229K
-34.5%

Summary: Delavan 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 31%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 34.5%.

Median Sold Price Compared To Nearby Cities

Delavan Township
+25.3%
Delavan
+25.3%

Housing Supply in Delavan Township, IL

How many homes are available in Delavan Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
910+11.1%

Summary: The Delavan Township real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 23
+50.0%
4 12
+100.0%
5+ 21
-50.0%

Summary: The Delavan 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delavan Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Delavan Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Delavan Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
58 Days5 Days-91.5%

Summary: Homes in Delavan Township had an average of 5 days on market in Nov 2024, down by 91.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Delavan Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in Delavan Township, IL

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