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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downs Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Downs Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Downs Township, IL

How much do homes in Downs Township, IL cost?

Median Sold Price

$428,000

$119/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$188,000(+78.3%)

Key Takeaway

Homes in Downs Township have sold for 78.3% more than they did a month ago.

Summary: The median home sold price in Downs Township was $428,000 in October 2024, up 78.3% from last month, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $240K$269.9K
+12.5%
4 --
N/A
5+ -$574.7K
N/A

Summary: Downs Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Downs Township
+78.3%
Downs
+45.4%

Housing Supply in Downs Township, IL

How many homes are available in Downs Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
95-44.4%

Summary: The Downs Township real estate market had 5 homes for sale in October 2024, a 44.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 61
-83.3%
4 12
+100.0%
5+ 22
0.0%

Summary: The Downs 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 83.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

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 Downs 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 Downs Township in October 2024, down by 40.0% month-over-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 Downs Township, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
17 Days33 Days+91.3%

Summary: Homes in Downs Township had an average of 33 days on market in Oct 2024, up by 91.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Downs Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 16 Days Ago

Newest Listings in Downs Township, IL

Nearby Markets to Downs Township, IL

What housing markets are near Downs Township, IL?