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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Litchfield Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in North Litchfield Township, IL

How much do homes in North Litchfield Township, IL cost?

Median Sold Price

$126,500

$87/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$23,500(-15.7%)

Key Takeaway

Homes in North Litchfield Township have sold for 15.7% less than they did a year ago.

Summary: The median home sold price in North Litchfield Township was $126,500 in October 2024, down 15.7% from last year, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $50.5K-
N/A
2 $89K$87K
-2.2%
3 $150K$135K
-10.0%
4 $307.5K$130K
-57.7%
5+ $262.4K$275K
+4.8%

Summary: North Litchfield 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 2.2%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 57.7%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

South Litchfield Township
-2.3%
Litchfield
-8.1%
North Litchfield Township
-15.7%

Housing Supply in North Litchfield Township, IL

How many homes are available in North Litchfield Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1724+41.2%

Summary: The North Litchfield Township real estate market had 24 homes for sale in October 2024, a 41.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1217
+41.7%
4 13
+200.0%
5+ 00
0.0%

Summary: The North Litchfield 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 41.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
18+700.0%

Asking Price vs. Sold Price

6 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 North Litchfield Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in North Litchfield Township in October 2024, up by 700.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for North Litchfield Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days64 Days+60.6%

Summary: Homes in North Litchfield Township had an average of 64 days on market in Oct 2024, up by 60.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in North Litchfield Township; 25% of homes were sold within 30 days, 38% 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 4 Days Ago

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Newest Listings in North Litchfield Township, IL

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 11/01/2022 - 11/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 10:23:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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