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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fremont Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Fremont Township, IL

How much do homes in Fremont Township, IL cost?

Median Sold Price

$390,937

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,937(+2.9%)

Key Takeaway

Homes in Fremont Township have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Fremont Township was $390,937 in October 2024, up 2.9% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $109.9K$135K
+22.8%
2 $230K$248.5K
+8.0%
3 $359.9K$366.1K
+1.7%
4 $469K$500K
+6.6%
5+ $515K$575K
+11.7%

Summary: Fremont Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.8%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Cities

Round Lake Park
+22.9%
Hawthorn Woods
+17.5%
Wauconda
+3.3%
Fremont Township
+2.9%
Mundelein
-3.1%

Housing Supply in Fremont Township, IL

How many homes are available in Fremont Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
132125-5.3%

Summary: The Fremont Township real estate market had 125 homes for sale in October 2024, a 5.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 3431
-8.8%
3 3628
-22.2%
4 4851
+6.3%
5+ 1213
+8.3%

Summary: The Fremont 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 decreased by 8.8%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4031-22.5%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fremont Township, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Fremont Township in October 2024, down by 22.5% month-over-month. Of the 31 sold homes, 52% were sold under asking, 23% were sold at asking, and 26% were sold over asking.

Days on Market for Fremont Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days24 Days-24.8%

Summary: Homes in Fremont Township had an average of 24 days on market in Oct 2024, down by 24.8% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 31 homes were sold in Fremont Township; 65% of homes were sold within 30 days, 35% 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 16 Days Ago

Newest Listings in Fremont Township, IL

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What housing markets are near Fremont Township, IL?