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 Last Month

Since last month, 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

$295,000

$122/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$157,000(+113.8%)

Key Takeaway

Homes in Delavan Township have sold for 113.8% more than they did a month ago.

Summary: The median home sold price in Delavan Township was $295,000 in December 2024, up 113.8% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $106.5K$125K
+17.4%
3 -$344.9K
N/A
4 $148K-
N/A
5+ -$295K
N/A

Summary: Delavan Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Delavan Township
+113.8%
Delavan
+113.8%

Housing Supply in Delavan Township, IL

How many homes are available in Delavan Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1110-9.1%

Summary: The Delavan Township real estate market had 10 homes for sale in December 2024, a 9.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 34
+33.3%
4 21
-50.0%
5+ 22
0.0%

Summary: The Delavan Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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 December 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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 2024Dec 2024CHANGE
5 Days5 Days+13.3%

Summary: Homes in Delavan Township had an average of 5 days on market in Dec 2024, up by 13.3% compared to last month.

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 December 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 4 Days Ago

Newest Listings in Delavan Township, IL

Nearby Markets to Delavan Township, IL