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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hopkins Township is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Hopkins Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Hopkins Township, IL

How much do homes in Hopkins Township, IL cost?

Median Sold Price

$235,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+11.9%)

Key Takeaway

Homes in Hopkins Township have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Hopkins Township was $235,000 in November 2024, up 11.9% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$132.5K
N/A
2 -$190K
N/A
3 $212.9K$282.5K
+32.7%
4 $196.2K$235K
+19.8%
5+ $329K$515K
+56.5%

Summary: Hopkins 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 did not change, 3 bedroom homes increased by 32.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 56.5%.

Median Sold Price Compared To Nearby Cities

Sterling
+17.7%
Sterling Township
+16.5%
Hopkins Township
+11.9%

Housing Supply in Hopkins Township, IL

How many homes are available in Hopkins Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
811+37.5%

Summary: The Hopkins Township real estate market had 11 homes for sale in November 2024, a 37.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 24
+100.0%
3 34
+33.3%
4 22
0.0%
5+ 00
0.0%

Summary: The Hopkins 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 increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

0 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 Hopkins Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Hopkins Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Hopkins Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days7 Days-83.7%

Summary: Homes in Hopkins Township had an average of 7 days on market in Nov 2024, down by 83.7% compared to last year.

Breakdown of Home Sale Times

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

Summary: During November 2024, 2 homes were sold in Hopkins 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 17 Days Ago

Newest Listings in Hopkins Township, IL

Nearby Markets to Hopkins Township, IL

What housing markets are near Hopkins Township, IL?