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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Iuka Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Iuka Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Iuka Township, IL

How much do homes in Iuka Township, IL cost?

Median Sold Price

$72,500

$41/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$272,500(-79.0%)

Key Takeaway

Homes in Iuka Township have sold for 79% less than they did a month ago.

Summary: The median home sold price in Iuka Township was $72,500 in November 2024, down 79% from last month, and the median price per square foot was $41.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$25K
N/A
3 $345K-
N/A
4 -$120K
N/A
5+ --
N/A

Summary: Iuka Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Xenia Township
+26.6%
Iuka Township
-79.0%
Iuka
-79.0%

Housing Supply in Iuka Township, IL

How many homes are available in Iuka Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
440.0%

Summary: The Iuka Township real estate market had 4 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 21
-50.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Iuka 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Iuka Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Iuka Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Iuka Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
85 Days68 Days-19.4%

Summary: Homes in Iuka Township had an average of 68 days on market in Nov 2024, down by 19.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times50%50%

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Iuka Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 23 Days Ago

Newest Listings in Iuka Township, IL

Nearby Markets to Iuka Township, IL