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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pontiac Township is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Pontiac Township, IL

How much do homes in Pontiac Township, IL cost?

Median Sold Price

$148,950

$94/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$24,050(+19.3%)

Key Takeaway

Homes in Pontiac Township have sold for 19.3% more than they did a year ago.

Summary: The median home sold price in Pontiac Township was $148,950 in December 2024, up 19.3% from last year, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $74K$29.9K
-59.6%
2 $85K$99K
+16.5%
3 $130K$150K
+15.4%
4 $203K$172K
-15.3%
5+ $215K$214K
-0.5%

Summary: Pontiac Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.6%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Cities

Pontiac
+19.6%
Pontiac Township
+19.3%

Housing Supply in Pontiac Township, IL

How many homes are available in Pontiac Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3833-13.2%

Summary: The Pontiac Township real estate market had 33 homes for sale in December 2024, a 13.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 2119
-9.5%
4 86
-25.0%
5+ 23
+50.0%

Summary: The Pontiac Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1510-33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pontiac Township, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Pontiac Township in December 2024, down by 33.3% month-over-month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.

Days on Market for Pontiac Township, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
26 Days30 Days+16.3%

Summary: Homes in Pontiac Township had an average of 30 days on market in Dec 2024, up by 16.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pontiac Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 10 homes were sold in Pontiac Township; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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 4 Days Ago

Newest Listings in Pontiac Township, IL

Nearby Markets to Pontiac Township, IL

What housing markets are near Pontiac Township, IL?