$1,246 Closing Credit*
$104,900
1,080 SqFt
2 Beds
•1 Full Bath
Adam Merrick, Listing Office: Adam Merrick Real Estate
Is Timber Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Timber Township was a Seller's Market.
Key Takeaway
Timber Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Timber Township, IL
How much do homes in Timber Township, IL cost?
Median Sold Price
$225,000
$147/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$92,500(-29.1%)
Key Takeaway
Homes in Timber Township have sold for 29.1% less than they did a month ago.
Summary: The median home sold price in Timber Township was $225,000 in November 2024, down 29.1% from last month, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $399K | - | N/A |
| 3 Bedrooms | $191K | - | N/A |
| 4 Bedrooms | $385K | $225K | -41.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Timber Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 41.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Glasford | $250K | $225K | -10.0% |
| Timber Township | $317.5K | $225K | -29.1% |
Housing Supply in Timber Township, IL
How many homes are available in Timber Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Timber Township real estate market had 9 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Timber 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 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Timber Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Timber Township in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Timber Township, IL
How long does it take to sell a home in Timber Township, IL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 2 Days | -91.2% |
Summary: Homes in Timber Township had an average of 2 days on market in Nov 2024, down by 91.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Timber Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Timber Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.