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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laona Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Laona Township, IL

How much do homes in Laona Township, IL cost?

Median Sold Price

$264,900

$146/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$435,100(-62.2%)

Key Takeaway

Homes in Laona Township have sold for 62.2% less than they did a month ago.

Summary: The median home sold price in Laona Township was $264,900 in October 2024, down 62.2% from last month, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $700K$264.9K
-62.2%
4 --
N/A
5+ --
N/A

Summary: Laona Township housing prices by bedroom type for October 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 decreased by 62.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Durand Township
-22.5%
Laona Township
-62.2%

Housing Supply in Laona Township, IL

How many homes are available in Laona Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
24+100.0%

Summary: The Laona Township real estate market had 4 homes for sale in October 2024, a 100.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 23
+50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Laona 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Laona Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Laona Township in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Laona Township, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
201 Days84 Days-58.2%

Summary: Homes in Laona Township had an average of 84 days on market in Oct 2024, down by 58.2% compared to last month.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Laona Township has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Laona Township; 0% of homes were sold within 30 days, 100% 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 20 Days Ago

Newest Listings in Laona Township, IL

Nearby Markets to Laona Township, IL

What housing markets are near Laona Township, IL?