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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Georgetown Township is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Georgetown Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Georgetown Township, IL

How much do homes in Georgetown Township, IL cost?

Median Sold Price

$86,500

$68/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in Georgetown Township has remained the same since last year.

Summary: The median home sold price in Georgetown Township was $86,500 in November 2024, the same as last year, and the median price per square foot was $68.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $42K$30.5K
-27.4%
2 $67.5K$70K
+3.7%
3 $94K$99.9K
+6.3%
4 $125.7K$131.5K
+4.6%
5+ $275K$83K
-69.8%

Summary: Georgetown Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 69.8%.

Median Sold Price Compared To Nearby Cities

Georgetown Township
0.0%
Georgetown
-4.0%

Housing Supply in Georgetown Township, IL

How many homes are available in Georgetown Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2428+16.7%

Summary: The Georgetown Township real estate market had 28 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 79
+28.6%
3 1415
+7.1%
4 34
+33.3%
5+ 00
0.0%

Summary: The Georgetown 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 28.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

3 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 Georgetown 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 Georgetown Township in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Georgetown Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days14 Days+12.0%

Summary: Homes in Georgetown Township had an average of 14 days on market in Nov 2024, up by 12% 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 Georgetown Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Georgetown 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 21 Days Ago

Newest Listings in Georgetown Township, IL

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What housing markets are near Georgetown Township, IL?