$3,266 Closing Credit*
$275,000
3,874 SqFt
3 Beds
•2 Full Baths, 2 Partial
Zachary Oyler, Listing Office: Keller Williams Premier Realty
Is Metamora 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, 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
$255,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,950(-1.1%)
Key Takeaway
Homes in Metamora Township have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Metamora Township was $255,000 in October 2024, down 1.1% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $177K | +1.1% |
| 3 Bedrooms | $210K | $217.2K | +3.4% |
| 4 Bedrooms | $315.5K | $262.5K | -16.8% |
| 5+ Bedrooms | $422K | $365K | -13.5% |
Summary: Metamora 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 1.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Metamora Township | $257.9K | $255K | -1.1% |
| Metamora | $257.9K | $255K | -1.1% |
Housing Supply in Metamora Township, IL
How many homes are available in Metamora Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 19 | -20.8% |
Summary: The Metamora Township real estate market had 19 homes for sale in October 2024, a 20.8% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 9 | -43.8% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Metamora 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 decreased by 43.8%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Metamora Township in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 70 Days | +284.1% |
Summary: Homes in Metamora Township had an average of 70 days on market in Oct 2024, up by 284.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 7 homes were sold in Metamora Township; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.