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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Litchfield Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in South Litchfield Township, IL

How much do homes in South Litchfield Township, IL cost?

Median Sold Price

$84,500

$80/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,000(-2.3%)

Key Takeaway

Homes in South Litchfield Township have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in South Litchfield Township was $84,500 in October 2024, down 2.3% from last year, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$90K
N/A
2 $40K$70K
+75.0%
3 $101.2K$93.7K
-7.4%
4 $42.5K$414.9K
+876.2%
5+ $175K-
N/A

Summary: South Litchfield Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 876.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hillsboro Township
+6.4%
South Litchfield Township
-2.3%
Litchfield
-8.1%
North Litchfield Township
-15.7%

Housing Supply in South Litchfield Township, IL

How many homes are available in South Litchfield Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1110-9.1%

Summary: The South Litchfield Township real estate market had 10 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 55
0.0%
3 31
-66.7%
4 33
0.0%
5+ 00
0.0%

Summary: The South Litchfield Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

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 South Litchfield 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 South Litchfield Township in October 2024, down by 33.3% 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 South Litchfield Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days84 Days+57.5%

Summary: Homes in South Litchfield Township had an average of 84 days on market in Oct 2024, up by 57.5% compared to last year.

Breakdown of Home Sale Times

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

Summary: During October 2024, 2 homes were sold in South Litchfield Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

Newest Listings in South Litchfield Township, IL

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