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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tremont Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Tremont Township was a Buyer's Market.

Key Takeaway

Tremont 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 Tremont Township, IL

How much do homes in Tremont Township, IL cost?

Median Sold Price

$189,250

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$15,750(-7.7%)

Key Takeaway

Homes in Tremont Township have sold for 7.7% less than they did a year ago.

Summary: The median home sold price in Tremont Township was $189,250 in November 2024, down 7.7% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $117K$168K
+43.6%
3 $175.7K$175K
-0.4%
4 $290K$290K
0.0%
5+ $440K$385K
-12.5%

Summary: Tremont 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 increased by 43.6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 12.5%.

Median Sold Price Compared To Nearby Cities

Morton Township
+17.0%
Elm Grove Township
+9.8%
Mackinaw Township
+0.9%
Tremont
-7.1%
Tremont Township
-7.7%

Housing Supply in Tremont Township, IL

How many homes are available in Tremont Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1213+8.3%

Summary: The Tremont Township real estate market had 13 homes for sale in November 2024, a 8.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 35
+66.7%
4 55
0.0%
5+ 21
-50.0%

Summary: The Tremont 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tremont Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Tremont Township in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Tremont Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days30 Days-9.1%

Summary: Homes in Tremont Township had an average of 30 days on market in Nov 2024, down by 9.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Tremont Township; 50% of homes were sold within 30 days, 50% 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 2 Days Ago

Newest Listings in Tremont Township, IL

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