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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Malta Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Malta Township, IL

How much do homes in Malta Township, IL cost?

Median Sold Price

$232,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,250(-0.5%)

Key Takeaway

Homes in Malta Township have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Malta Township was $232,000 in November 2024, down 0.5% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $185K$141K
-23.8%
3 $229.7K$250K
+8.8%
4 $297.5K$290K
-2.5%
5+ $215.8K$185K
-14.3%

Summary: Malta 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 23.8%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 14.3%.

Median Sold Price Compared To Nearby Cities

Milan Township
+7.5%
Malta
0.0%
Malta Township
-0.5%

Housing Supply in Malta Township, IL

How many homes are available in Malta Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109-10.0%

Summary: The Malta Township real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 21
-50.0%
4 43
-25.0%
5+ 34
+33.3%

Summary: The Malta 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 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Malta Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Malta Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Malta Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days9 Days-77.2%

Summary: Homes in Malta Township had an average of 9 days on market in Nov 2024, down by 77.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Malta Township; 100% of homes were sold within 30 days, 0% 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 Malta Township, IL

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