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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Long Creek Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Long Creek Township, IL

How much do homes in Long Creek Township, IL cost?

Median Sold Price

$169,950

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,450(+15.2%)

Key Takeaway

Homes in Long Creek Township have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Long Creek Township was $169,950 in November 2024, up 15.2% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$125K
N/A
2 $108.7K$129.5K
+19.1%
3 $140K$165K
+17.9%
4 $189.4K$225K
+18.8%
5+ $320K$322K
+0.6%

Summary: Long Creek 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 increased by 19.1%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Cities

Mount Zion
+19.5%
Long Creek Township
+15.2%
Decatur Township
+9.5%
Decatur
+9.1%
Long Creek
-19.1%

Housing Supply in Long Creek Township, IL

How many homes are available in Long Creek Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4642-8.7%

Summary: The Long Creek Township real estate market had 42 homes for sale in November 2024, a 8.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 3230
-6.3%
4 64
-33.3%
5+ 33
0.0%

Summary: The Long Creek 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 remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Long Creek Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Long Creek Township in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for Long Creek Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days28 Days-2.7%

Summary: Homes in Long Creek Township had an average of 28 days on market in Nov 2024, down by 2.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in Long Creek Township; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 21 Days Ago

Newest Listings in Long Creek Township, IL

Nearby Markets to Long Creek Township, IL