$95 Closing Credit*
$8,000
652 SqFt
1 Bed
Stefanie Burmahl, Listing Office: EXP REALTY, LLC.
Is Savanna Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Savanna Township was a Neutral Market.
Key Takeaway
Savanna Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Savanna Township, IL
How much do homes in Savanna Township, IL cost?
Median Sold Price
$145,000
$69/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$135,000(-48.2%)
Key Takeaway
Homes in Savanna Township have sold for 48.2% less than they did a month ago.
Summary: The median home sold price in Savanna Township was $145,000 in November 2024, down 48.2% from last month, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $280K | $145K | -48.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Savanna Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 48.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Washington Township | $290K | $170K | -41.4% |
| Savanna Township | $280K | $145K | -48.2% |
| Savanna | $280K | $145K | -48.2% |
Housing Supply in Savanna Township, IL
How many homes are available in Savanna Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Savanna Township real estate market had 8 homes for sale in November 2024, a 33.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Savanna 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 increased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Savanna 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 Savanna Township in November 2024, the same as the previous 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 Savanna Township, IL
How long does it take to sell a home in Savanna Township, IL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 126 Days | 16 Days | -87.3% |
Summary: Homes in Savanna Township had an average of 16 days on market in Nov 2024, down by 87.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Savanna Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Savanna Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.