Is Towanda, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Towanda is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Towanda has remained a Neutral Market.

Key Takeaway

Towanda 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 Towanda, IL

How much do homes in Towanda, IL cost?

Median Sold Price

$160,000

$56/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$70,500(-30.6%)

Key Takeaway

Homes in Towanda have sold for 30.6% less than they did a month ago.

Summary: The median home sold price in Towanda was $160,000 in November 2024, down 30.6% from last month, and the median price per square foot was $56.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$160K
N/A
3 --
N/A
4 $230.5K-
N/A
5+ --
N/A

Summary: Towanda 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 did not change, and 5+ bedroom homes did not change.

Housing Supply in Towanda, IL

How many homes are available in Towanda, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
67+16.7%

Summary: The Towanda real estate market had 7 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 23
+50.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Towanda 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Towanda, 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 Towanda in November 2024, the same as the previous 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 Towanda, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
5 Days16 Days+220.0%

Summary: Homes in Towanda had an average of 16 days on market in Nov 2024, up by 220% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Towanda; 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.

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 Towanda, IL

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