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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stookey Township is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Stookey Township was a Seller's Market.

Key Takeaway

Stookey Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Stookey Township, IL

How much do homes in Stookey Township, IL cost?

Median Sold Price

$194,050

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,800(+15.3%)

Key Takeaway

Homes in Stookey Township have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in Stookey Township was $194,050 in October 2024, up 15.3% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$56K
N/A
2 $142K$140K
-1.4%
3 $162.4K$188.2K
+15.9%
4 $323.5K$244.6K
-24.4%
5+ $295.4K$460K
+55.7%

Summary: Stookey 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 decreased by 1.4%, 3 bedroom homes increased by 15.9%, 4 bedroom homes decreased by 24.4%, and 5+ bedroom homes increased by 55.7%.

Median Sold Price Compared To Nearby Cities

Stookey Township
+15.3%
Belleville
+9.4%
Belleville Township
+9.3%
Centreville Township
+2.0%

Housing Supply in Stookey Township, IL

How many homes are available in Stookey Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5254+3.8%

Summary: The Stookey Township real estate market had 54 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 87
-12.5%
3 2834
+21.4%
4 107
-30.0%
5+ 56
+20.0%

Summary: The Stookey Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
158-46.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stookey Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Stookey Township in October 2024, down by 46.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.

Days on Market for Stookey Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days59 Days+65.6%

Summary: Homes in Stookey Township had an average of 59 days on market in Oct 2024, up by 65.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Stookey Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 Stookey Township, IL

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