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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sherman Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Sherman Township was a Seller's Market.

Key Takeaway

Sherman Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sherman Township, IL

How much do homes in Sherman Township, IL cost?

Median Sold Price

$107,000

$81/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$196,000(-64.7%)

Key Takeaway

Homes in Sherman Township have sold for 64.7% less than they did a month ago.

Summary: The median home sold price in Sherman Township was $107,000 in November 2024, down 64.7% from last month, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $35K-
N/A
3 $371K$107K
-71.2%
4 $305K-
N/A
5+ --
N/A

Summary: Sherman 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 decreased by 71.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Easton
+205.7%
Sherman Township
-64.7%

Housing Supply in Sherman Township, IL

How many homes are available in Sherman Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1312-7.7%

Summary: The Sherman Township real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 87
-12.5%
4 32
-33.3%
5+ 12
+100.0%

Summary: The Sherman 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 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sherman Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sherman Township in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sherman Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
1 Days36 Days+3028.6%

Summary: Homes in Sherman Township had an average of 36 days on market in Nov 2024, up by 3028.6% 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 Sherman Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Sherman 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 21 Days Ago

Newest Listings in Sherman Township, IL

Nearby Markets to Sherman Township, IL