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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Durand Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Durand Township, IL

How much do homes in Durand Township, IL cost?

Median Sold Price

$232,450

$145/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$67,550(-22.5%)

Key Takeaway

Homes in Durand Township have sold for 22.5% less than they did a month ago.

Summary: The median home sold price in Durand Township was $232,450 in October 2024, down 22.5% from last month, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $300K$232.4K
-22.5%
4 $270K-
N/A
5+ --
N/A

Summary: Durand 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 decreased by 22.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Durand Township
-22.5%
Durand
-25.0%
Laona Township
-62.2%

Housing Supply in Durand Township, IL

How many homes are available in Durand Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98-11.1%

Summary: The Durand Township real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 03
+100.0%
3 74
-42.9%
4 21
-50.0%
5+ 00
0.0%

Summary: The Durand 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 increased by 100%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Durand Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Durand Township in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Durand Township, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
77 Days44 Days-43.0%

Summary: Homes in Durand Township had an average of 44 days on market in Oct 2024, down by 43% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Durand Township; 50% of homes were sold within 30 days, 50% 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 21 Days Ago

Newest Listings in Durand Township, IL

Nearby Markets to Durand Township, IL