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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gardner Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Gardner Township, IL

How much do homes in Gardner Township, IL cost?

Median Sold Price

$245,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,500(+1.4%)

Key Takeaway

Homes in Gardner Township have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Gardner Township was $245,000 in November 2024, up 1.4% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$50K
N/A
2 $184K$178.7K
-2.9%
3 $225K$242.5K
+7.8%
4 $242.5K$270K
+11.3%
5+ $650K$400K
-38.5%

Summary: Gardner Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 38.5%.

Median Sold Price Compared To Nearby Cities

Springfield Township
+12.3%
Capital Township
+9.8%
Gardner Township
+1.4%

Housing Supply in Gardner Township, IL

How many homes are available in Gardner Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1713-23.5%

Summary: The Gardner Township real estate market had 13 homes for sale in November 2024, a 23.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 32
-33.3%
4 75
-28.6%
5+ 43
-25.0%

Summary: The Gardner 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gardner Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Gardner Township in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Gardner Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days15 Days-53.1%

Summary: Homes in Gardner Township had an average of 15 days on market in Nov 2024, down by 53.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were 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 Gardner Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Gardner Township; 80% of homes were sold within 30 days, 20% 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 18 Days Ago

Newest Listings in Gardner Township, IL

Nearby Markets to Gardner Township, IL

What housing markets are near Gardner Township, IL?