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 seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Looking Glass Township, IL

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

Median Sold Price

$257,450

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since October 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 October 2024, up 29% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $155K$93.8K
-39.4%
3 $189K$210K
+11.1%
4 $213K$340K
+59.6%
5+ $347K$380K
+9.5%

Summary: Looking Glass 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 decreased by 39.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 59.6%, 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

Sep 2024Oct 2024CHANGE
1922+15.8%

Summary: The Looking Glass Township real estate market had 22 homes for sale in October 2024, a 15.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 1213
+8.3%
4 65
-16.7%
5+ 12
+100.0%

Summary: The Looking Glass 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 8.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
49+125.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were 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. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Looking Glass Township in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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

Oct 2023Oct 2024CHANGE
25 Days75 Days+197.0%

Summary: Homes in Looking Glass Township had an average of 75 days on market in Oct 2024, up by 197% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Looking Glass Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 9 homes were sold in Looking Glass Township; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% 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?