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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Moline Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in South Moline Township, IL

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

Median Sold Price

$170,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,000(+11.8%)

Key Takeaway

Homes in South Moline Township have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in South Moline Township was $170,000 in November 2024, up 11.8% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $67K$60K
-10.4%
2 $106.5K$130K
+22.1%
3 $163K$165K
+1.2%
4 $220.5K$245K
+11.1%
5+ $300K$327.4K
+9.2%

Summary: South Moline Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Cities

Coal Valley Township
+37.1%
South Moline Township
+11.8%
Moline Township
+4.9%
Moline
+4.7%

Housing Supply in South Moline Township, IL

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
161135-16.1%

Summary: The South Moline Township real estate market had 135 homes for sale in November 2024, a 16.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 3932
-17.9%
3 7864
-17.9%
4 3631
-13.9%
5+ 44
0.0%

Summary: The South Moline 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 decreased by 17.9%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4837-22.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Moline Township, you may be able to get a good deal. 37.8% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in South Moline Township in November 2024, down by 22.9% month-over-month. Of the 37 sold homes, 38% were sold under asking, 24% were sold at asking, and 38% were sold over asking.

Days on Market for South Moline Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days20 Days+6.6%

Summary: Homes in South Moline Township had an average of 20 days on market in Nov 2024, up by 6.6% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

8 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 Moline Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 37 homes were sold in South Moline Township; 76% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% 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 17 Days Ago

Newest Listings in South Moline Township, IL

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