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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rose Township is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Rose Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Rose Township, IL

How much do homes in Rose Township, IL cost?

Median Sold Price

$197,500

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,600(+14.2%)

Key Takeaway

Homes in Rose Township have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in Rose Township was $197,500 in November 2024, up 14.2% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$58K
N/A
3 $171.4K$190K
+10.9%
4 $430K$293K
-31.9%
5+ --
N/A

Summary: Rose 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 did not change, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 31.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rose Township
+14.2%
Shelbyville
-7.4%
Shelbyville Township
-7.4%

Housing Supply in Rose Township, IL

How many homes are available in Rose Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
86-25.0%

Summary: The Rose Township real estate market had 6 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 75
-28.6%
4 11
0.0%
5+ 00
0.0%

Summary: The Rose 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rose 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 Rose Township in November 2024, down by 50.0% month-over-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 Rose Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
10 Days81 Days+710.0%

Summary: Homes in Rose Township had an average of 81 days on market in Nov 2024, up by 710% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rose Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Rose Township; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in Rose Township, IL

Nearby Markets to Rose Township, IL