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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dorr Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Dorr Township, IL

How much do homes in Dorr Township, IL cost?

Median Sold Price

$320,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+16.4%)

Key Takeaway

Homes in Dorr Township have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in Dorr Township was $320,000 in October 2024, up 16.4% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $108.5K$123K
+13.4%
2 $196.2K$230K
+17.2%
3 $279.9K$295.5K
+5.6%
4 $355.9K$375K
+5.4%
5+ $395K$565.5K
+43.2%

Summary: Dorr Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 43.2%.

Median Sold Price Compared To Nearby Cities

Dorr Township
+16.4%
Woodstock
+16.2%
Lakewood
+9.3%
Crystal Lake
+9.2%
Bull Valley
+1.8%

Housing Supply in Dorr Township, IL

How many homes are available in Dorr Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8486+2.4%

Summary: The Dorr Township real estate market had 86 homes for sale in October 2024, a 2.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1818
0.0%
3 3128
-9.7%
4 2727
0.0%
5+ 813
+62.5%

Summary: The Dorr Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 62.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2619-26.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dorr Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Dorr Township in October 2024, down by 26.9% month-over-month. Of the 19 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.

Days on Market for Dorr Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days52 Days+256.3%

Summary: Homes in Dorr Township had an average of 52 days on market in Oct 2024, up by 256.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 19 homes were sold in Dorr 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 Dorr Township, IL

Nearby Markets to Dorr Township, IL

What housing markets are near Dorr Township, IL?