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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Wheatland Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in South Wheatland Township, IL

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

Median Sold Price

$156,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,000(-1.9%)

Key Takeaway

Homes in South Wheatland Township have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in South Wheatland Township was $156,000 in November 2024, down 1.9% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $95K-
N/A
2 $151K$107K
-29.1%
3 $140K$152K
+8.6%
4 $319.9K$164K
-48.7%
5+ $580K$325K
-44.0%

Summary: South Wheatland 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 decreased by 29.1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 48.7%, and 5+ bedroom homes decreased by 44%.

Median Sold Price Compared To Nearby Cities

Mount Zion
+19.5%
Decatur Township
+9.5%
Decatur
+9.1%
South Wheatland Township
-1.9%

Housing Supply in South Wheatland Township, IL

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1916-15.8%

Summary: The South Wheatland Township real estate market had 16 homes for sale in November 2024, a 15.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1010
0.0%
4 54
-20.0%
5+ 21
-50.0%

Summary: The South Wheatland 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

4 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 Wheatland Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in South Wheatland Township in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for South Wheatland Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days138 Days+281.2%

Summary: Homes in South Wheatland Township had an average of 138 days on market in Nov 2024, up by 281.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in South Wheatland 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 21 Days Ago

Newest Listings in South Wheatland Township, IL

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