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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roanoke Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Roanoke Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Roanoke Township, IL

How much do homes in Roanoke Township, IL cost?

Median Sold Price

$107,450

$84/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$3,550(-3.2%)

Key Takeaway

Homes in Roanoke Township have sold for 3.2% less than they did a month ago.

Summary: The median home sold price in Roanoke Township was $107,450 in November 2024, down 3.2% from last month, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $102.4K$59.9K
-41.5%
3 $118.5K$155K
+30.8%
4 --
N/A
5+ --
N/A

Summary: Roanoke Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.5%, 3 bedroom homes increased by 30.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Roanoke Township
-3.2%
Roanoke
-3.2%
Olio Township
-28.0%

Housing Supply in Roanoke Township, IL

How many homes are available in Roanoke Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1310-23.1%

Summary: The Roanoke Township real estate market had 10 homes for sale in November 2024, a 23.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 87
-12.5%
4 11
0.0%
5+ 11
0.0%

Summary: The Roanoke 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 66.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roanoke Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Roanoke Township in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Roanoke Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
5 Days3 Days-47.8%

Summary: Homes in Roanoke Township had an average of 3 days on market in Nov 2024, down by 47.8% compared to last month.

Breakdown of Home Sale Times

2 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 Roanoke Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Roanoke 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 22 Days Ago

Newest Listings in Roanoke Township, IL

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