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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marrowbone Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Marrowbone Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Marrowbone Township, IL

How much do homes in Marrowbone Township, IL cost?

Median Sold Price

$109,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$30,250(+38.4%)

Key Takeaway

Homes in Marrowbone Township have sold for 38.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $67.5K$109K
+61.5%
4 $90K-
N/A
5+ --
N/A

Summary: Marrowbone 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 did not change, 3 bedroom homes increased by 61.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Marrowbone Township
+38.4%
Bethany
+38.4%

Housing Supply in Marrowbone Township, IL

How many homes are available in Marrowbone Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
880.0%

Summary: The Marrowbone Township real estate market had 8 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 56
+20.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Marrowbone 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 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 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 Marrowbone Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Marrowbone Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Marrowbone Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
16 Days4 Days-75.0%

Summary: Homes in Marrowbone Township had an average of 4 days on market in Nov 2024, down by 75% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Marrowbone Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Marrowbone 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 21 Days Ago

Newest Listings in Marrowbone Township, IL

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