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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pecatonica Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Pecatonica Township was a Seller's Market.

Key Takeaway

Pecatonica Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pecatonica Township, IL

How much do homes in Pecatonica Township, IL cost?

Median Sold Price

$365,000

$196/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$120,000(+49.0%)

Key Takeaway

Homes in Pecatonica Township have sold for 49% more than they did a month ago.

Summary: The median home sold price in Pecatonica Township was $365,000 in November 2024, up 49% from last month, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $253K-
N/A
4 $168K$365K
+117.3%
5+ --
N/A

Summary: Pecatonica 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 did not change, 4 bedroom homes increased by 117.3%, and 5+ bedroom homes did not change.

Housing Supply in Pecatonica Township, IL

How many homes are available in Pecatonica Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
118-27.3%

Summary: The Pecatonica Township real estate market had 8 homes for sale in November 2024, a 27.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 75
-28.6%
4 21
-50.0%
5+ 00
0.0%

Summary: The Pecatonica 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 28.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was 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 Pecatonica Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Pecatonica Township in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pecatonica Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
14 Days17 Days+16.4%

Summary: Homes in Pecatonica Township had an average of 17 days on market in Nov 2024, up by 16.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Pecatonica Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Pecatonica 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 Pecatonica Township, IL

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