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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seward Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Seward Township, IL

How much do homes in Seward Township, IL cost?

Median Sold Price

$344,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,000(+4.2%)

Key Takeaway

Homes in Seward Township have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Seward Township was $344,000 in November 2024, up 4.2% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$75K
N/A
2 $241.6K$255K
+5.5%
3 $316K$329.9K
+4.4%
4 $394.9K$392.5K
-0.6%
5+ $490K$472.5K
-3.6%

Summary: Seward 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 5.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 3.6%.

Median Sold Price Compared To Nearby Cities

Minooka
+6.9%
Minooka
+6.3%
Seward Township
+4.2%
Na-Au-Say Township
0.5%

Housing Supply in Seward Township, IL

How many homes are available in Seward Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2523-8.0%

Summary: The Seward Township real estate market had 23 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1713
-23.5%
4 45
+25.0%
5+ 12
+100.0%

Summary: The Seward 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 decreased by 23.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

4 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 Seward 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 6 homes were sold or pending in Seward Township in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Seward Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days34 Days+99.2%

Summary: Homes in Seward Township had an average of 34 days on market in Nov 2024, up by 99.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Seward Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 Seward Township, IL

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