$2,611 Closing Credit*
$219,900
1,400 SqFt
2 Beds
•2 Full Baths, 1 Partial
Adam Merrick, Listing Office: Adam Merrick Real Estate
Is Spring Bay Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Spring Bay Township has remained a Seller's Market.
Key Takeaway
Spring Bay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Bay Township, IL
How much do homes in Spring Bay Township, IL cost?
Median Sold Price
$213,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+9.2%)
Key Takeaway
Homes in Spring Bay Township have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Spring Bay Township was $213,000 in November 2024, up 9.2% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $90.9K | +81.9% |
| 2 Bedrooms | $150.7K | $98.5K | -34.7% |
| 3 Bedrooms | $200K | $224.5K | +12.3% |
| 4 Bedrooms | $262.5K | $351K | +33.7% |
| 5+ Bedrooms | $420K | $389.5K | -7.3% |
Summary: Spring Bay Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.9%, 2 bedroom homes decreased by 34.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 33.7%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Spring Bay Township | $195K | $213K | +9.2% |
| Worth Township | $253.2K | $266K | +5.0% |
| Peoria Heights | $122.5K | $114.9K | -6.2% |
Housing Supply in Spring Bay Township, IL
How many homes are available in Spring Bay Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Spring Bay Township real estate market had 8 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spring Bay Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Bay 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 Spring Bay Township in November 2024, down by 60.0% 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 Spring Bay Township, IL
How long does it take to sell a home in Spring Bay Township, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 98 Days | 81 Days | -16.8% |
Summary: Homes in Spring Bay Township had an average of 81 days on market in Nov 2024, down by 16.8% 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
Key Takeaway
Many homes in Spring Bay Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Spring Bay 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.