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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutland Township is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Rutland 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 Rutland Township, IL

How much do homes in Rutland Township, IL cost?

Median Sold Price

$190,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,500(-3.8%)

Key Takeaway

Homes in Rutland Township have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Rutland Township was $190,000 in October 2024, down 3.8% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $176K$325.5K
+84.9%
2 $187.2K$110K
-41.2%
3 $231K$190K
-17.7%
4 $285K$205K
-28.1%
5+ $90K$148K
+64.4%

Summary: Rutland Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.9%, 2 bedroom homes decreased by 41.2%, 3 bedroom homes decreased by 17.7%, 4 bedroom homes decreased by 28.1%, and 5+ bedroom homes increased by 64.4%.

Median Sold Price Compared To Nearby Cities

Ottawa
+16.5%
Rutland Township
-3.8%
Marseilles
-13.3%

Housing Supply in Rutland Township, IL

How many homes are available in Rutland Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2231+40.9%

Summary: The Rutland Township real estate market had 31 homes for sale in October 2024, a 40.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 88
0.0%
3 914
+55.6%
4 46
+50.0%
5+ 02
+100.0%

Summary: The Rutland 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 remained the same, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutland Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Rutland Township in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Rutland Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
77 Days47 Days-39.2%

Summary: Homes in Rutland Township had an average of 47 days on market in Oct 2024, down by 39.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rutland Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Rutland Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 20 Days Ago

Newest Listings in Rutland Township, IL

Nearby Markets to Rutland Township, IL

What housing markets are near Rutland Township, IL?