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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Otego Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Otego Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Otego Township, IL

How much do homes in Otego Township, IL cost?

Median Sold Price

$95,000

-

Based on all homes sold in December 2024.

Difference Since Last Month

-$79,000(-45.4%)

Key Takeaway

Homes in Otego Township have sold for 45.4% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$84K
N/A
2 -$95K
N/A
3 $174K-
N/A
4 --
N/A
5+ --
N/A

Summary: Otego Township housing prices by bedroom type for December 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

Otego Township
-45.4%
Brownstown
-45.4%

Housing Supply in Otego Township, IL

How many homes are available in Otego Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
64-33.3%

Summary: The Otego Township real estate market had 4 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 33
0.0%
3 20
-100.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Otego Township housing inventory by bedroom type for December 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Otego Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Otego Township in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Otego Township, IL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
55 Days24 Days-56.2%

Summary: Homes in Otego Township had an average of 24 days on market in Dec 2024, down by 56.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 3 homes were sold in Otego Township; 67% of homes were sold within 30 days, 33% 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 8 Days Ago

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Newest Listings in Otego Township, IL

Nearby Markets to Otego Township, IL

MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 11/01/2024 - 01/01/2025

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 © 2025 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: 1/9/2025, 11:23:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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