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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Owen Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Owen Township, IL

How much do homes in Owen Township, IL cost?

Median Sold Price

$255,000

$141/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$185,000(-42.0%)

Key Takeaway

Homes in Owen Township have sold for 42% less than they did a month ago.

Summary: The median home sold price in Owen Township was $255,000 in November 2024, down 42% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $313.4K$255K
-18.6%
4 $680K-
N/A
5+ --
N/A

Summary: Owen 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 decreased by 18.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Owen Township, IL

How many homes are available in Owen Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The Owen Township real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 76
-14.3%
4 22
0.0%
5+ 00
0.0%

Summary: The Owen 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Owen Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Owen Township in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Owen Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
17 Days18 Days+1.9%

Summary: Homes in Owen Township had an average of 18 days on market in Nov 2024, up by 1.9% compared to last month.

Breakdown of Home Sale Times

3 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 Owen Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Owen 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 21 Days Ago

Newest Listings in Owen Township, IL

Nearby Markets to Owen Township, IL

What housing markets are near Owen Township, IL?