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 seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Stookey Township, IL

How much do homes in Stookey Township, IL cost?

Median Sold Price

$205,000

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,999(+17.1%)

Key Takeaway

Homes in Stookey Township have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in Stookey Township was $205,000 in November 2024, up 17.1% from last year, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$56K
N/A
2 $142K$140K
-1.4%
3 $168.2K$197K
+17.1%
4 $322K$291.4K
-9.5%
5+ $309.9K$445K
+43.6%

Summary: Stookey 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 1.4%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 43.6%.

Median Sold Price Compared To Nearby Cities

Stookey Township
+17.1%
Belleville
+10.8%
Belleville Township
+10.7%
Centreville Township
-8.4%

Housing Supply in Stookey Township, IL

How many homes are available in Stookey Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5559+7.3%

Summary: The Stookey Township real estate market had 59 homes for sale in November 2024, a 7.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 3437
+8.8%
4 89
+12.5%
5+ 65
-16.7%

Summary: The Stookey 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 increased by 14.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 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. 80% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Stookey Township in November 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% 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

Nov 2023Nov 2024CHANGE
29 Days36 Days+24.1%

Summary: Homes in Stookey Township had an average of 36 days on market in Nov 2024, up by 24.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 10 homes were sold in Stookey Township; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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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