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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rantoul Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Rantoul Township, IL

How much do homes in Rantoul Township, IL cost?

Median Sold Price

$127,250

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,050(+1.6%)

Key Takeaway

Homes in Rantoul Township have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Rantoul Township was $127,250 in November 2024, up 1.6% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $65K-
N/A
2 $84K$100.5K
+19.6%
3 $126.5K$134K
+5.9%
4 $159K$130K
-18.2%
5+ $173K$209.9K
+21.4%

Summary: Rantoul 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 19.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 21.4%.

Median Sold Price Compared To Nearby Cities

Ludlow Township
+21.8%
Rantoul
+3.0%
Rantoul Township
+1.6%

Housing Supply in Rantoul Township, IL

How many homes are available in Rantoul Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2527+8.0%

Summary: The Rantoul Township real estate market had 27 homes for sale in November 2024, a 8.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 1517
+13.3%
4 46
+50.0%
5+ 00
0.0%

Summary: The Rantoul 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 33.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
880.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rantoul Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Rantoul Township in November 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for Rantoul Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days14 Days-53.4%

Summary: Homes in Rantoul Township had an average of 14 days on market in Nov 2024, down by 53.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were 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 Rantoul Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in Rantoul 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 2 Days Ago

Newest Listings in Rantoul Township, IL

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What housing markets are near Rantoul Township, IL?