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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Patton Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Patton Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Patton Township, IL

How much do homes in Patton Township, IL cost?

Median Sold Price

$139,000

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,750(+6.7%)

Key Takeaway

Homes in Patton Township have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Patton Township was $139,000 in October 2024, up 6.7% from last year, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55.7K-
N/A
2 $82.5K$70K
-15.2%
3 $135K$133.7K
-0.9%
4 $153.7K$196K
+27.5%
5+ $65K$155K
+138.5%

Summary: Patton 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 decreased by 15.2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 138.5%.

Median Sold Price Compared To Nearby Cities

Ludlow Township
+9.5%
Paxton
+7.7%
Patton Township
+6.7%

Housing Supply in Patton Township, IL

How many homes are available in Patton Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1719+11.8%

Summary: The Patton Township real estate market had 19 homes for sale in October 2024, a 11.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 911
+22.2%
4 43
-25.0%
5+ 01
+100.0%

Summary: The Patton 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 increased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
28+300.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Patton Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Patton Township in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Patton Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days19 Days-24.2%

Summary: Homes in Patton Township had an average of 19 days on market in Oct 2024, down by 24.2% compared to last year.

Breakdown of Home Sale Times

8 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 Patton Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Patton 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 Patton Township, IL

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What housing markets are near Patton Township, IL?