$2,374 Closing Credit*
$199,900
2,282 SqFt
3 Beds
•3 Full Baths
Starr Fell, Listing Office: EXP REALTY, LLC
Is Mercer Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mercer Township has remained a Seller's Market.
Key Takeaway
Mercer Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mercer Township, IL
How much do homes in Mercer Township, IL cost?
Median Sold Price
$112,500
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,200(+20.6%)
Key Takeaway
Homes in Mercer Township have sold for 20.6% more than they did a year ago.
Summary: The median home sold price in Mercer Township was $112,500 in November 2024, up 20.6% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55.9K | $25K | -55.3% |
| 2 Bedrooms | $77K | $91.5K | +18.8% |
| 3 Bedrooms | $113.9K | $121.5K | +6.7% |
| 4 Bedrooms | $173K | $176.5K | +2.0% |
| 5+ Bedrooms | $179.9K | $132.5K | -26.3% |
Summary: Mercer Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.3%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 26.3%.
Median Sold Price Compared To Nearby Cities
| Mercer Township | $93.3K | $112.5K | +20.6% |
| Aledo | $110.9K | $116K | +4.6% |
Housing Supply in Mercer Township, IL
How many homes are available in Mercer Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 17 | -34.6% |
Summary: The Mercer Township real estate market had 17 homes for sale in November 2024, a 34.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mercer 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 decreased by 57.1%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mercer Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mercer Township in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Mercer Township, IL
How long does it take to sell a home in Mercer Township, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 33 Days | +123.3% |
Summary: Homes in Mercer Township had an average of 33 days on market in Nov 2024, up by 123.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mercer Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Mercer Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.