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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macomb City Township is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Macomb City Township, IL

How much do homes in Macomb City Township, IL cost?

Median Sold Price

$95,000

$70/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$8,000(+9.2%)

Key Takeaway

Homes in Macomb City Township have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Macomb City Township was $95,000 in December 2024, up 9.2% from last year, and the median price per square foot was $70.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $55K$36.7K
-33.2%
2 $67.9K$80K
+17.8%
3 $101K$95K
-5.9%
4 $122K$144.5K
+18.4%
5+ $103K$189.5K
+84.0%

Summary: Macomb City Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.2%, 2 bedroom homes increased by 17.8%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 84%.

Median Sold Price Compared To Nearby Cities

Macomb
+12.2%
Emmet Township
+11.4%
Macomb Township
+9.5%
Macomb City Township
+9.2%

Housing Supply in Macomb City Township, IL

How many homes are available in Macomb City Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7576+1.3%

Summary: The Macomb City Township real estate market had 76 homes for sale in December 2024, a 1.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1921
+10.5%
3 3231
-3.1%
4 1819
+5.6%
5+ 54
-20.0%

Summary: The Macomb City Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
815+87.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macomb City Township, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Macomb City Township in December 2024, up by 87.5% month-over-month. Of the 15 sold homes, 87% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for Macomb City Township, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
188 Days59 Days-68.3%

Summary: Homes in Macomb City Township had an average of 59 days on market in Dec 2024, down by 68.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Macomb City Township has remained consistent over time.

Summary: During December 2024, 15 homes were sold in Macomb City Township; 20% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 7% 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 4 Days Ago

Newest Listings in Macomb City Township, IL

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