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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampshire Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hampshire Township, IL

How much do homes in Hampshire Township, IL cost?

Median Sold Price

$379,900

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,095(-1.3%)

Key Takeaway

Homes in Hampshire Township have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Hampshire Township was $379,900 in November 2024, down 1.3% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $309K$287.9K
-6.8%
3 $357.4K$358K
0.2%
4 $435.9K$449.9K
+3.2%
5+ $423.7K$496.9K
+17.3%

Summary: Hampshire 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 6.8%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 17.3%.

Median Sold Price Compared To Nearby Cities

Genoa Township
+12.2%
Hampshire Township
-1.3%
Hampshire
-5.0%

Housing Supply in Hampshire Township, IL

How many homes are available in Hampshire Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
139126-9.4%

Summary: The Hampshire Township real estate market had 126 homes for sale in November 2024, a 9.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3023
-23.3%
3 5755
-3.5%
4 4542
-6.7%
5+ 76
-14.3%

Summary: The Hampshire 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 decreased by 23.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3723-37.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hampshire Township, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Hampshire Township in November 2024, down by 37.8% month-over-month. Of the 23 sold homes, 52% were sold under asking, 35% were sold at asking, and 13% were sold over asking.

Days on Market for Hampshire Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days28 Days-19.0%

Summary: Homes in Hampshire Township had an average of 28 days on market in Nov 2024, down by 19% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 23 homes were sold in Hampshire Township; 61% of homes were sold within 30 days, 39% 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 17 Days Ago

Newest Listings in Hampshire Township, IL

Nearby Markets to Hampshire Township, IL

What housing markets are near Hampshire Township, IL?