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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middleport Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Middleport Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Middleport Township, IL

How much do homes in Middleport Township, IL cost?

Median Sold Price

$86,950

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,950(+15.9%)

Key Takeaway

Homes in Middleport Township have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in Middleport Township was $86,950 in October 2024, up 15.9% from last year, and the median price per square foot was $69.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K-
N/A
2 $61.5K$72K
+17.1%
3 $79.3K$105K
+32.2%
4 $92K$40K
-56.5%
5+ $75K-
N/A

Summary: Middleport 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 17.1%, 3 bedroom homes increased by 32.2%, 4 bedroom homes decreased by 56.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Middleport Township
+15.9%
Watseka
+5.4%
Belmont Township
-6.7%

Housing Supply in Middleport Township, IL

How many homes are available in Middleport Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2631+19.2%

Summary: The Middleport Township real estate market had 31 homes for sale in October 2024, a 19.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1621
+31.3%
4 43
-25.0%
5+ 11
0.0%

Summary: The Middleport 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 increased by 20%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middleport Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Middleport Township in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Middleport Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days18 Days-41.7%

Summary: Homes in Middleport Township had an average of 18 days on market in Oct 2024, down by 41.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Middleport Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Middleport 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Middleport Township, IL

Nearby Markets to Middleport Township, IL

What housing markets are near Middleport Township, IL?