$772 Closing Credit*
$65,000
1,276 SqFt
2 Beds
•1 Full Bath
JOSEPH PURDY, Listing Office: Real Broker LLC
Is Patoka Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Patoka Township was a Neutral Market.
Key Takeaway
Patoka Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Patoka Township, IL
How much do homes in Patoka Township, IL cost?
Median Sold Price
$127,500
$80/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$27,500(+27.5%)
Key Takeaway
Homes in Patoka Township have sold for 27.5% more than they did a month ago.
Summary: The median home sold price in Patoka Township was $127,500 in October 2024, up 27.5% from last month, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $65K | N/A |
| 4 Bedrooms | $100K | $190K | +90.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Patoka Township housing prices by bedroom type for October 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 increased by 90%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Patoka Township | $100K | $127.5K | +27.5% |
| Patoka | $100K | $127.5K | +27.5% |
Housing Supply in Patoka Township, IL
How many homes are available in Patoka Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The Patoka Township real estate market had 4 homes for sale in October 2024, a 33.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Patoka 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Patoka Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Patoka Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Patoka Township, IL
How long does it take to sell a home in Patoka Township, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 15 Days | +416.7% |
Summary: Homes in Patoka Township had an average of 15 days on market in Oct 2024, up by 416.7% 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
Key Takeaway
Many homes in Patoka Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Patoka 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.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.