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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macomb Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Macomb Township has remained a Buyer's Market.

Key Takeaway

Macomb Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Macomb Township, IL

How much do homes in Macomb Township, IL cost?

Median Sold Price

$144,000

$70/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$46,500(+47.7%)

Key Takeaway

Homes in Macomb Township have sold for 47.7% more than they did a month ago.

Summary: The median home sold price in Macomb Township was $144,000 in November 2024, up 47.7% from last month, and the median price per square foot was $70.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $37.5K$113K
+201.3%
3 $98.7K$129.5K
+31.1%
4 $178.5K$325K
+82.1%
5+ -$163K
N/A

Summary: Macomb Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 201.3%, 3 bedroom homes increased by 31.1%, 4 bedroom homes increased by 82.1%, and 5+ bedroom homes did not change.

Housing Supply in Macomb Township, IL

How many homes are available in Macomb Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9394+1.1%

Summary: The Macomb Township real estate market had 94 homes for sale in November 2024, a 1.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2525
0.0%
3 4445
+2.3%
4 1818
0.0%
5+ 55
0.0%

Summary: The Macomb 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 increased by 2.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
713+85.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macomb Township, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Macomb Township in November 2024, up by 85.7% month-over-month. Of the 12 sold homes, 92% were sold under asking, 8% were sold at asking, and 0% were sold over asking.

Days on Market for Macomb Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
87 Days75 Days-14.5%

Summary: Homes in Macomb Township had an average of 75 days on market in Nov 2024, down by 14.5% compared to last month.

Breakdown of Home Sale Times

6 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

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

Summary: During November 2024, 13 homes were sold in Macomb Township; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 31% 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 2 Days Ago

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