$213 Closing Credit*
$17,900
1,152 SqFt
3 Beds
•1 Full Bath
Lynette Ing, Listing Office: MCCOLLUM REAL ESTATE
Is Logan Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Logan Township has remained a Seller's Market.
Key Takeaway
Logan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Logan Township, IL
How much do homes in Logan Township, IL cost?
Median Sold Price
$200,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,600(+11.5%)
Key Takeaway
Homes in Logan Township have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Logan Township was $200,000 in October 2024, up 11.5% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $92K | N/A |
| 2 Bedrooms | $116.7K | $137K | +17.4% |
| 3 Bedrooms | $176K | $182.5K | +3.7% |
| 4 Bedrooms | $310K | $280.9K | -9.4% |
| 5+ Bedrooms | $294.9K | $295K | 0.0% |
Summary: Logan Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes did not change.
Housing Supply in Logan Township, IL
How many homes are available in Logan Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Logan Township real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Logan 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 decreased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Logan Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Logan Township in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Logan Township, IL
How long does it take to sell a home in Logan Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 6 Days | +53.8% |
Summary: Homes in Logan Township had an average of 6 days on market in Oct 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Logan Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Logan 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.