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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scott Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Scott Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Scott Township, IL

How much do homes in Scott Township, IL cost?

Median Sold Price

$212,512

$163/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$30,737(-12.6%)

Key Takeaway

Homes in Scott Township have sold for 12.6% less than they did a month ago.

Summary: The median home sold price in Scott Township was $212,512 in December 2024, down 12.6% from last month, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $43K-
N/A
3 $246.5K$212.5K
-13.8%
4 --
N/A
5+ --
N/A

Summary: Scott Township housing prices by bedroom type for December 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 decreased by 13.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Scott Township
-12.6%
Davis Junction
-12.6%

Housing Supply in Scott Township, IL

How many homes are available in Scott Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
149-35.7%

Summary: The Scott Township real estate market had 9 homes for sale in December 2024, a 35.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 139
-30.8%
4 00
0.0%
5+ 00
0.0%

Summary: The Scott Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scott Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

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

Days on Market for Scott Township, IL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
15 Days41 Days+173.3%

Summary: Homes in Scott Township had an average of 41 days on market in Dec 2024, up by 173.3% compared to last month.

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 Scott Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in Scott 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 2 Days Ago

Newest Listings in Scott Township, IL

Nearby Markets to Scott Township, IL

What housing markets are near Scott Township, IL?