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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Foster Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Foster Township, IL

How much do homes in Foster Township, IL cost?

Median Sold Price

$245,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+5.6%)

Key Takeaway

Homes in Foster Township have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Foster Township was $245,000 in October 2024, up 5.6% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $187K$212.5K
+13.6%
3 $200K$195K
-2.5%
4 $332.8K$410K
+23.2%
5+ $702.4K$527.5K
-24.9%

Summary: Foster Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes decreased by 24.9%.

Median Sold Price Compared To Nearby Cities

Cottage Hills
+20.6%
Alton
+8.7%
Alton Township
+8.7%
Foster Township
+5.6%
Godfrey
+4.1%

Housing Supply in Foster Township, IL

How many homes are available in Foster Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
149-35.7%

Summary: The Foster Township real estate market had 9 homes for sale in October 2024, a 35.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 83
-62.5%
4 21
-50.0%
5+ 11
0.0%

Summary: The Foster 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 33.3%, 3 bedroom homes decreased by 62.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Foster Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Foster Township in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Foster Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days70 Days+121.1%

Summary: Homes in Foster Township had an average of 70 days on market in Oct 2024, up by 121.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Foster Township has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Foster Township; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 Foster Township, IL

Nearby Markets to Foster Township, IL

What housing markets are near Foster Township, IL?