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 seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Saint Joseph Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Saint Joseph Township, IL

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

Median Sold Price

$250,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+11.1%)

Key Takeaway

Homes in Saint Joseph Township have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Saint Joseph Township was $250,000 in November 2024, up 11.1% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$58.5K
N/A
2 $162K$171.2K
+5.7%
3 $220K$235K
+6.8%
4 $284.9K$420K
+47.4%
5+ $265K$424.2K
+60.1%

Summary: Saint Joseph 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 increased by 5.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 47.4%, and 5+ bedroom homes increased by 60.1%.

Median Sold Price Compared To Nearby Cities

South Homer Township
+48.7%
Saint Joseph
+13.6%
Saint Joseph Township
+11.1%

Housing Supply in Saint Joseph Township, IL

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1719+11.8%

Summary: The Saint Joseph Township real estate market had 19 homes for sale in November 2024, a 11.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 00
0.0%
3 78
+14.3%
4 46
+50.0%
5+ 54
-20.0%

Summary: The Saint Joseph 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 increased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Saint Joseph Township in November 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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

Nov 2023Nov 2024CHANGE
11 Days58 Days+410.6%

Summary: Homes in Saint Joseph Township had an average of 58 days on market in Nov 2024, up by 410.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 7 homes were sold in Saint Joseph Township; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 Saint Joseph Township, IL

Nearby Markets to Saint Joseph Township, IL