$1,817 Closing Credit*
$153,000
1,373 SqFt
3 Beds
•1 Full Bath
Jinnie Riley, Listing Office: Keller Williams Greater Quad Cities / Midwest Partners
Is Preemption Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Preemption Township has remained a Seller's Market.
Key Takeaway
Preemption Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Preemption Township, IL
How much do homes in Preemption Township, IL cost?
Median Sold Price
$190,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$58,800(+44.8%)
Key Takeaway
Homes in Preemption Township have sold for 44.8% more than they did a year ago.
Summary: The median home sold price in Preemption Township was $190,000 in November 2024, up 44.8% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $66.5K | $80K | +20.3% |
| 3 Bedrooms | $150K | $155K | +3.3% |
| 4 Bedrooms | $144.7K | $302K | +108.6% |
| 5+ Bedrooms | - | $237.2K | N/A |
Summary: Preemption 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 20.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 108.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bowling Township | $176K | $275K | +56.3% |
| Preemption Township | $131.2K | $190K | +44.8% |
Housing Supply in Preemption Township, IL
How many homes are available in Preemption Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The Preemption Township real estate market had 4 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Preemption 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 decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Preemption 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 Preemption 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 Preemption Township, IL
How long does it take to sell a home in Preemption Township, IL?
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
Key Takeaway
Many homes in Preemption Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Preemption 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.