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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Randolph Township is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Randolph Township, IL

How much do homes in Randolph Township, IL cost?

Median Sold Price

$249,000

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,500(+14.5%)

Key Takeaway

Homes in Randolph Township have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in Randolph Township was $249,000 in October 2024, up 14.5% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $290K$560K
+93.1%
2 $113K$139.5K
+23.5%
3 $195K$230K
+17.9%
4 $357.7K$314.5K
-12.1%
5+ $304.5K$150K
-50.7%

Summary: Randolph Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.1%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 50.7%.

Median Sold Price Compared To Nearby Cities

Heyworth
+20.9%
Randolph Township
+14.5%
Bloomington Township
+5.5%

Housing Supply in Randolph Township, IL

How many homes are available in Randolph Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1417+21.4%

Summary: The Randolph Township real estate market had 17 homes for sale in October 2024, a 21.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 910
+11.1%
4 44
0.0%
5+ 01
+100.0%

Summary: The Randolph Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Randolph Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Randolph Township in October 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Randolph Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
3 Days3 Days0.0%

Summary: Homes in Randolph Township had an average of 3 days on market in Oct 2024, the same as 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 Randolph Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Randolph 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 16 Days Ago

Newest Listings in Randolph Township, IL

Nearby Markets to Randolph Township, IL

What housing markets are near Randolph Township, IL?