$17,000
1.90 Acres
Land
CHRISTY POWERS, Listing Office: PROPERTY WITH TLC, LLC
Is Royalton, 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, Royalton has remained a Seller's Market.
Key Takeaway
Royalton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Royalton, IL
How much do homes in Royalton, IL cost?
Median Sold Price
$79,500
$66/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,400(-11.6%)
Key Takeaway
Homes in Royalton have sold for 11.6% less than they did a year ago.
Summary: The median home sold price in Royalton was $79,500 in October 2024, down 11.6% from last year, and the median price per square foot was $66.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $43K | N/A |
| 2 Bedrooms | $62K | $66.5K | +7.3% |
| 3 Bedrooms | $105K | $81.7K | -22.1% |
| 4 Bedrooms | - | $118K | N/A |
| 5+ Bedrooms | - | $250K | N/A |
Summary: Royalton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Six Mile Township | $73K | $79K | +8.2% |
| Royalton | $89.9K | $79.5K | -11.6% |
Housing Supply in Royalton, IL
How many homes are available in Royalton, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The Royalton real estate market had 6 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 | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Royalton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Royalton, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Royalton in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Royalton, IL
How long does it take to sell a home in Royalton, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 90 Days | +466.7% |
Summary: Homes in Royalton had an average of 90 days on market in Oct 2024, up by 466.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Royalton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Royalton; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.