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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Utica Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Utica Township was a Seller's Market.

Key Takeaway

Utica Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Utica Township, IL

How much do homes in Utica Township, IL cost?

Median Sold Price

$262,000

$93/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$172,950(-39.8%)

Key Takeaway

Homes in Utica Township have sold for 39.8% less than they did a month ago.

Summary: The median home sold price in Utica Township was $262,000 in October 2024, down 39.8% from last month, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$262K
N/A
2 --
N/A
3 $434.9K-
N/A
4 --
N/A
5+ --
N/A

Summary: Utica Township housing prices by bedroom type for October 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.

Median Sold Price Compared To Nearby Cities

North Utica
+0.8%
Utica Township
-39.8%

Housing Supply in Utica Township, IL

How many homes are available in Utica Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
880.0%

Summary: The Utica Township real estate market had 8 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 12
+100.0%
3 43
-25.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Utica Township housing inventory by bedroom type for October 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Utica Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Utica Township in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Utica Township, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
169 Days13 Days-92.3%

Summary: Homes in Utica Township had an average of 13 days on market in Oct 2024, down by 92.3% 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 Utica Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Utica 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Utica Township, IL

Nearby Markets to Utica Township, IL

What housing markets are near Utica Township, IL?