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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Friends Creek Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Friends Creek Township, IL

How much do homes in Friends Creek Township, IL cost?

Median Sold Price

$205,000

$120/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$220,000(-51.8%)

Key Takeaway

Homes in Friends Creek Township have sold for 51.8% less than they did a month ago.

Summary: The median home sold price in Friends Creek Township was $205,000 in November 2024, down 51.8% from last month, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $93K$205K
+120.4%
4 $437.4K-
N/A
5+ --
N/A

Summary: Friends Creek Township housing prices by bedroom type for November 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 120.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Argenta
-24.5%
Friends Creek Township
-51.8%

Housing Supply in Friends Creek Township, IL

How many homes are available in Friends Creek Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
43-25.0%

Summary: The Friends Creek Township real estate market had 3 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 22
0.0%
4 20
-100.0%
5+ 00
0.0%

Summary: The Friends Creek Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was 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 Friends Creek Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Friends Creek Township in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Friends Creek Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
37 Days18 Days-51.4%

Summary: Homes in Friends Creek Township had an average of 18 days on market in Nov 2024, down by 51.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Friends Creek Township; 100% of homes were sold within 30 days, 0% 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 22 Days Ago

Newest Listings in Friends Creek Township, IL

Nearby Markets to Friends Creek Township, IL