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

Last month, Scott Township was a Buyer'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

$310,000

$142/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$60,000(+24.0%)

Key Takeaway

Homes in Scott Township have sold for 24% more than they did a month ago.

Summary: The median home sold price in Scott Township was $310,000 in October 2024, up 24% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $250K$478K
+91.2%
4 -$297.7K
N/A
5+ --
N/A

Summary: Scott Township housing prices by bedroom type for October 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 increased by 91.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Scott Township, IL

How many homes are available in Scott Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1114+27.3%

Summary: The Scott Township real estate market had 14 homes for sale in October 2024, a 27.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 912
+33.3%
4 22
0.0%
5+ 00
0.0%

Summary: The Scott 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were 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 Scott Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Scott Township in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Sep 2024Oct 2024CHANGE
5 Days56 Days+1020.0%

Summary: Homes in Scott Township had an average of 56 days on market in Oct 2024, up by 1020% compared to last month.

Breakdown of Home Sale Times

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

Summary: During October 2024, 3 homes were sold in Scott Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

Newest Listings in Scott Township, IL

Nearby Markets to Scott Township, IL

What housing markets are near Scott Township, IL?