$3,561 Closing Credit*
$299,900
1,556 SqFt
2 Beds
•2 Full Baths
Michelle Largent, Listing Office: Re/Max Traders Unlimited
Is Metamora 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, Metamora Township has remained a Seller's Market.
Key Takeaway
Metamora Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Metamora Township, IL
How much do homes in Metamora Township, IL cost?
Median Sold Price
$259,900
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,050(-1.2%)
Key Takeaway
Homes in Metamora Township have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Metamora Township was $259,900 in November 2024, down 1.2% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $160K | +3.2% |
| 3 Bedrooms | $209.7K | $235.5K | +12.3% |
| 4 Bedrooms | $315.5K | $267.5K | -15.2% |
| 5+ Bedrooms | $422K | $365K | -13.5% |
Summary: Metamora 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 increased by 3.2%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Metamora Township | $262.9K | $259.9K | -1.2% |
| Metamora | $266K | $259.9K | -2.3% |
Housing Supply in Metamora Township, IL
How many homes are available in Metamora Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Metamora Township real estate market had 18 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Metamora 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 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Metamora Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Metamora Township in November 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Metamora Township, IL
How long does it take to sell a home in Metamora Township, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 9 Days | -17.5% |
Summary: Homes in Metamora Township had an average of 9 days on market in Nov 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Metamora Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Metamora Township; 86% of homes were sold within 30 days, 14% 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.