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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oblong Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Oblong Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Oblong Township, IL

How much do homes in Oblong Township, IL cost?

Median Sold Price

$64,950

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$285,050(-81.4%)

Key Takeaway

Homes in Oblong Township have sold for 81.4% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$84.9K
N/A
2 -$45K
N/A
3 $350K-
N/A
4 --
N/A
5+ --
N/A

Summary: Oblong Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Oblong Township
-81.4%
Oblong
-81.4%

Housing Supply in Oblong Township, IL

How many homes are available in Oblong Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
65-16.7%

Summary: The Oblong Township real estate market had 5 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 43
-25.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Oblong 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 decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 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 Oblong Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Oblong Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Oblong Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
265 Days3 Days-98.7%

Summary: Homes in Oblong Township had an average of 3 days on market in Nov 2024, down by 98.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Oblong Township; 100% of homes were sold within 30 days, 0% 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 11 Days Ago

Newest Listings in Oblong Township, IL

Nearby Markets to Oblong Township, IL