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 October 2023

At the same time last year, Gardner Township was a Neutral 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

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,000(+1.2%)

Key Takeaway

Homes in Gardner Township have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Gardner Township was $245,000 in October 2024, up 1.2% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$50K
N/A
2 $170K$183.5K
+7.9%
3 $225K$238.5K
+6.0%
4 $246.2K$270K
+9.6%
5+ $467.5K$400K
-14.4%

Summary: Gardner 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 7.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 14.4%.

Median Sold Price Compared To Nearby Cities

Springfield Township
+11.3%
Capital Township
+9.4%
Gardner Township
+1.2%
Fancy Creek Township
-11.5%

Housing Supply in Gardner Township, IL

How many homes are available in Gardner Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1817-5.6%

Summary: The Gardner Township real estate market had 17 homes for sale in October 2024, a 5.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 63
-50.0%
4 77
0.0%
5+ 34
+33.3%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 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 Gardner Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Gardner Township in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
3 Days35 Days+921.4%

Summary: Homes in Gardner Township had an average of 35 days on market in Oct 2024, up by 921.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 4 homes were sold in Gardner Township; 75% of homes were sold within 30 days, 0% 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 Gardner Township, IL

Nearby Markets to Gardner Township, IL

What housing markets are near Gardner Township, IL?