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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Joseph Township is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Saint Joseph Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Saint Joseph Township, IL

How much do homes in Saint Joseph Township, IL cost?

Median Sold Price

$235,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+4.4%)

Key Takeaway

Homes in Saint Joseph Township have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Saint Joseph Township was $235,000 in October 2024, up 4.4% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $162K$171.2K
+5.7%
3 $220K$226.2K
+2.8%
4 $284.9K$456K
+60.0%
5+ $265K$424.2K
+60.1%

Summary: Saint Joseph Township 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 5.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 60.1%.

Median Sold Price Compared To Nearby Cities

South Homer Township
+41.6%
Ogden Township
+10.0%
Saint Joseph
+7.3%
Saint Joseph Township
+4.4%
Sidney Township
-20.4%

Housing Supply in Saint Joseph Township, IL

How many homes are available in Saint Joseph Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1716-5.9%

Summary: The Saint Joseph Township real estate market had 16 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 00
0.0%
3 96
-33.3%
4 34
+33.3%
5+ 45
+25.0%

Summary: The Saint Joseph 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 decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Joseph Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Saint Joseph Township in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Saint Joseph Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days40 Days+68.8%

Summary: Homes in Saint Joseph Township had an average of 40 days on market in Oct 2024, up by 68.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During October 2024, 2 homes were sold in Saint Joseph Township; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

Newest Listings in Saint Joseph Township, IL

Nearby Markets to Saint Joseph Township, IL