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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pilot Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Pilot Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Pilot Township, IL

How much do homes in Pilot Township, IL cost?

Median Sold Price

$223,300

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$60,800(+37.4%)

Key Takeaway

Homes in Pilot Township have sold for 37.4% more than they did a year ago.

Summary: The median home sold price in Pilot Township was $223,300 in November 2024, up 37.4% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $147.4K$180.5K
+22.4%
3 $179.9K$235K
+30.6%
4 $272.4K$229.4K
-15.8%
5+ -$198K
N/A

Summary: Pilot Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 30.6%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Herscher
+38.5%
Pilot Township
+37.4%
Limestone Township
+0.6%

Housing Supply in Pilot Township, IL

How many homes are available in Pilot Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
78+14.3%

Summary: The Pilot Township real estate market had 8 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 68
+33.3%
4 10
-100.0%
5+ 00
0.0%

Summary: The Pilot 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 increased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

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 Pilot 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 Pilot Township in November 2024, the same as the previous 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 Pilot Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
6 Days21 Days+250.0%

Summary: Homes in Pilot Township had an average of 21 days on market in Nov 2024, up by 250% compared to last year.

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

Summary: During November 2024, 1 homes were sold in Pilot 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 22 Days Ago

Newest Listings in Pilot Township, IL

Nearby Markets to Pilot Township, IL

What housing markets are near Pilot Township, IL?