$1,853 Closing Credit*
$156,000
1,000 SqFt
3 Beds
•1 Full Bath
Derek Wiseman, Listing Office: eXp Realty, LLC
Is Richwoods Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Richwoods Township has remained a Seller's Market.
Key Takeaway
Richwoods Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richwoods Township, IL
How much do homes in Richwoods Township, IL cost?
Median Sold Price
$115,000
$105/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Richwoods Township has remained the same since last year.
Summary: The median home sold price in Richwoods Township was $115,000 in October 2024, the same as last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.5K | $55.1K | -28.0% |
| 2 Bedrooms | $92.5K | $94.9K | +2.6% |
| 3 Bedrooms | $124.5K | $119.9K | -3.7% |
| 4 Bedrooms | $157K | $189.9K | +21.0% |
| 5+ Bedrooms | $177K | $770K | +335.0% |
Summary: Richwoods Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 335%.
Median Sold Price Compared To Nearby Cities
| Peoria City Township | $107.5K | $114.9K | +7.0% |
| Peoria | $129K | $135K | +4.7% |
| Richwoods Township | $115K | $115K | 0.0% |
| Peoria Heights | $115K | $114.9K | 0% |
| Peoria Heights | $119.5K | $116.5K | -2.5% |
Housing Supply in Richwoods Township, IL
How many homes are available in Richwoods Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 24 | -25.0% |
Summary: The Richwoods Township real estate market had 24 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Richwoods 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 decreased by 7.1%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richwoods 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 Richwoods Township in October 2024, down by 27.3% month-over-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 Richwoods Township, IL
How long does it take to sell a home in Richwoods Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Day | 42 Days | +4100.0% |
Summary: Homes in Richwoods Township had an average of 42 days on market in Oct 2024, up by 4100% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Richwoods Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Richwoods Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.