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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Town Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Old Town Township, IL

How much do homes in Old Town Township, IL cost?

Median Sold Price

$428,500

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,500(+5.5%)

Key Takeaway

Homes in Old Town Township have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Old Town Township was $428,500 in October 2024, up 5.5% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$69K
N/A
3 $265K$339.9K
+28.3%
4 $335K$444.2K
+32.6%
5+ $625K$545K
-12.8%

Summary: Old Town 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 did not change, 3 bedroom homes increased by 28.3%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes decreased by 12.8%.

Median Sold Price Compared To Nearby Cities

Bloomington
+9.3%
Bloomington City Township
+6.6%
Old Town Township
+5.5%
Towanda Township
-1.8%

Housing Supply in Old Town Township, IL

How many homes are available in Old Town Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
13130.0%

Summary: The Old Town Township real estate market had 13 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 54
-20.0%
4 45
+25.0%
5+ 44
0.0%

Summary: The Old Town 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 decreased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Town Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Old Town Township in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Old Town Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days38 Days+196.2%

Summary: Homes in Old Town Township had an average of 38 days on market in Oct 2024, up by 196.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Old Town Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in Old Town Township, IL

Nearby Markets to Old Town Township, IL

What housing markets are near Old Town Township, IL?