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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nashville Township is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Nashville 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 Nashville Township, IL

How much do homes in Nashville Township, IL cost?

Median Sold Price

$146,000

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1,500(-1.0%)

Key Takeaway

Homes in Nashville Township have sold for 1% less than they did a year ago.

Summary: The median home sold price in Nashville Township was $146,000 in October 2024, down 1% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $107K-
N/A
2 $128K$109.9K
-14.1%
3 $145K$165K
+13.8%
4 $299K$263K
-12.0%
5+ $325K$350K
+7.7%

Summary: Nashville 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 decreased by 14.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

Nashville Township
-1.0%
Nashville
-1.0%

Housing Supply in Nashville Township, IL

How many homes are available in Nashville Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2426+8.3%

Summary: The Nashville Township real estate market had 26 homes for sale in October 2024, a 8.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 88
0.0%
3 1114
+27.3%
4 44
0.0%
5+ 10
-100.0%

Summary: The Nashville 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 increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 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 Nashville 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 Nashville Township in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Nashville Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
104 Days47 Days-54.1%

Summary: Homes in Nashville Township had an average of 47 days on market in Oct 2024, down by 54.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were 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 Nashville Township has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Nashville Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 17 Days Ago

Newest Listings in Nashville Township, IL

Nearby Markets to Nashville Township, IL