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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Looking Glass Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Looking Glass Township was a Seller's Market.

Key Takeaway

Looking Glass Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Looking Glass Township, IL

How much do homes in Looking Glass Township, IL cost?

Median Sold Price

$257,450

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$57,950(+29.0%)

Key Takeaway

Homes in Looking Glass Township have sold for 29% more than they did a year ago.

Summary: The median home sold price in Looking Glass Township was $257,450 in November 2024, up 29% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$310K
N/A
2 $155K$93.8K
-39.4%
3 $187K$210K
+12.3%
4 $216K$324.9K
+50.4%
5+ $347K$380K
+9.5%

Summary: Looking Glass 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 decreased by 39.4%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 50.4%, and 5+ bedroom homes increased by 9.5%.

Housing Supply in Looking Glass Township, IL

How many homes are available in Looking Glass Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2120-4.8%

Summary: The Looking Glass Township real estate market had 20 homes for sale in November 2024, a 4.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 22
0.0%
3 1111
0.0%
4 55
0.0%
5+ 21
-50.0%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Looking Glass 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 Looking Glass Township in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Looking Glass Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days60 Days+303.3%

Summary: Homes in Looking Glass Township had an average of 60 days on market in Nov 2024, up by 303.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were 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 Looking Glass Township has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Looking Glass Township; 0% of homes were sold within 30 days, 67% 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 17 Days Ago

Newest Listings in Looking Glass Township, IL

Nearby Markets to Looking Glass Township, IL

What housing markets are near Looking Glass Township, IL?