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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polk Township is a neutral's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

Polk Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Polk Township, IL

How much do homes in Polk Township, IL cost?

Median Sold Price

$339,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$9,050(+2.7%)

Key Takeaway

Homes in Polk Township have sold for 2.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$339K
N/A
3 $329.9K-
N/A
4 --
N/A
5+ --
N/A

Summary: Polk 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 did not change, and 5+ bedroom homes did not change.

Housing Supply in Polk Township, IL

How many homes are available in Polk Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
86-25.0%

Summary: The Polk Township real estate market had 6 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 31
-66.7%
4 44
0.0%
5+ 00
0.0%

Summary: The Polk 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 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 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 Polk Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Polk Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Polk Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
29 Days39 Days+32.2%

Summary: Homes in Polk Township had an average of 39 days on market in Nov 2024, up by 32.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Polk Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Polk Township; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

Newest Listings in Polk Township, IL

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