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 4 Days Ago

Real Estate Agent illustration

Local real estate agents are ready to help you find a home here.

Connect With An Agent
Real Estate Agent illustration

Sell your home with an expert or get the job done on your own.

Sell My Home
Real Estate Agent illustration

Get a customizable mortgage solution based on today's rates.

Get Approved

Newest Listings in South Litchfield Township, IL

Nearby Markets to South Litchfield Township, IL

What housing markets are near South Litchfield Township, IL?

MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 11/01/2022 - 11/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 10:23:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Popular Cities with Homes for Sale in Illinois