$4,750 Closing Credit*
$400,000
2,542 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Re/Max Alliance
Is Marine Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Marine Township has remained a Seller's Market.
Key Takeaway
Marine Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marine Township, IL
How much do homes in Marine Township, IL cost?
Median Sold Price
$319,097
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$89,097(+38.7%)
Key Takeaway
Homes in Marine Township have sold for 38.7% more than they did a year ago.
Summary: The median home sold price in Marine Township was $319,097 in October 2024, up 38.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | $233K | +72.6% |
| 3 Bedrooms | $280K | $308.4K | +10.2% |
| 4 Bedrooms | $318.7K | $342.6K | +7.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Marine 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 increased by 72.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Saint Jacob Township | $213.7K | $314.7K | +47.3% |
| Marine Township | $230K | $319K | +38.7% |
| Highland | $208K | $230.2K | +10.7% |
| Saline Township | $285K | $265.5K | -6.8% |
Housing Supply in Marine Township, IL
How many homes are available in Marine Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Marine Township real estate market had 8 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marine 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marine Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Marine Township in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Marine Township, IL
How long does it take to sell a home in Marine Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 462 Days | +933.0% |
Summary: Homes in Marine Township had an average of 462 days on market in Oct 2024, up by 933% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Marine Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Marine Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.