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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mission Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Mission Township was a Buyer's Market.

Key Takeaway

Mission Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mission Township, IL

How much do homes in Mission Township, IL cost?

Median Sold Price

$267,900

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,900(+5.1%)

Key Takeaway

Homes in Mission Township have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Mission Township was $267,900 in November 2024, up 5.1% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $118.5K$189.9K
+60.3%
3 $262.5K$259K
-1.3%
4 $495K$349.9K
-29.3%
5+ $154.9K-
N/A

Summary: Mission 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 60.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 29.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Northville Township
+12.8%
Mission Township
+5.1%

Housing Supply in Mission Township, IL

How many homes are available in Mission Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
812+50.0%

Summary: The Mission Township real estate market had 12 homes for sale in November 2024, a 50.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 24
+100.0%
4 45
+25.0%
5+ 12
+100.0%

Summary: The Mission 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 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mission Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Mission Township in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Mission Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days88 Days+417.6%

Summary: Homes in Mission Township had an average of 88 days on market in Nov 2024, up by 417.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mission Township has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Mission Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 2 Days Ago

Newest Listings in Mission Township, IL

Nearby Markets to Mission Township, IL

What housing markets are near Mission Township, IL?