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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaSalle Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in LaSalle Township, IL

How much do homes in LaSalle Township, IL cost?

Median Sold Price

$135,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,750(+27.1%)

Key Takeaway

Homes in LaSalle Township have sold for 27.1% more than they did a year ago.

Summary: The median home sold price in LaSalle Township was $135,000 in November 2024, up 27.1% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $46K$72K
+56.5%
2 $89.9K$110K
+22.4%
3 $142.5K$150.5K
+5.6%
4 $99.5K$142.7K
+43.5%
5+ $230K$182.7K
-20.5%

Summary: LaSalle Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.5%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes decreased by 20.5%.

Median Sold Price Compared To Nearby Cities

Oglesby
+36.3%
LaSalle Township
+27.1%
LaSalle
+20.8%
La Salle
+12.1%
Peru Township
+4.1%

Housing Supply in LaSalle Township, IL

How many homes are available in LaSalle Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
36360.0%

Summary: The LaSalle Township real estate market had 36 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 1311
-15.4%
3 1414
0.0%
4 47
+75.0%
5+ 54
-20.0%

Summary: The LaSalle 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 15.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaSalle Township, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in LaSalle Township in November 2024, up by 37.5% month-over-month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.

Days on Market for LaSalle Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days57 Days+61.3%

Summary: Homes in LaSalle Township had an average of 57 days on market in Nov 2024, up by 61.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in LaSalle Township; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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 LaSalle Township, IL

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What housing markets are near LaSalle Township, IL?