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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nameoki Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Nameoki Township has remained a Seller's Market.

Key Takeaway

Nameoki Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Nameoki Township, IL

How much do homes in Nameoki Township, IL cost?

Median Sold Price

$169,000

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,710(+13.2%)

Key Takeaway

Homes in Nameoki Township have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in Nameoki Township was $169,000 in October 2024, up 13.2% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $17.5K$10K
-42.9%
2 $79K$95K
+20.3%
3 $150K$175K
+16.7%
4 $217K$176K
-18.9%
5+ $258.5K$200K
-22.6%

Summary: Nameoki Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 22.6%.

Median Sold Price Compared To Nearby Cities

Venice Township
+90.5%
Nameoki Township
+13.2%
Granite City Township
+4.9%
Granite City
+4.9%
Pontoon Beach
+2.0%

Housing Supply in Nameoki Township, IL

How many homes are available in Nameoki Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3237+15.6%

Summary: The Nameoki Township real estate market had 37 homes for sale in October 2024, a 15.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 57
+40.0%
3 2024
+20.0%
4 65
-16.7%
5+ 00
0.0%

Summary: The Nameoki 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 40%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nameoki Township, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Nameoki Township in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.

Days on Market for Nameoki Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days68 Days+141.4%

Summary: Homes in Nameoki Township had an average of 68 days on market in Oct 2024, up by 141.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Nameoki Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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 16 Days Ago

Newest Listings in Nameoki Township, IL

Nearby Markets to Nameoki Township, IL

What housing markets are near Nameoki Township, IL?