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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vienna Township is a neutral's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

Vienna 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 Vienna Township, IL

How much do homes in Vienna Township, IL cost?

Median Sold Price

$126,950

$66/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$83,050(-39.5%)

Key Takeaway

Homes in Vienna Township have sold for 39.5% less than they did a month ago.

Summary: The median home sold price in Vienna Township was $126,950 in November 2024, down 39.5% from last month, and the median price per square foot was $66.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $136.5K$99.9K
-26.8%
4 $215K$154K
-28.4%
5+ --
N/A

Summary: Vienna 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 decreased by 26.8%, 4 bedroom homes decreased by 28.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mazon Township
-15.2%
Vienna Township
-39.5%

Housing Supply in Vienna Township, IL

How many homes are available in Vienna Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1314+7.7%

Summary: The Vienna Township real estate market had 14 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 98
-11.1%
4 34
+33.3%
5+ 11
0.0%

Summary: The Vienna 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 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

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 Vienna 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 Vienna Township in November 2024, down by 33.3% month-over-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 Vienna Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
84 Days33 Days-60.3%

Summary: Homes in Vienna Township had an average of 33 days on market in Nov 2024, down by 60.3% compared to last month.

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 Vienna Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Vienna 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 17 Days Ago

Newest Listings in Vienna Township, IL

Nearby Markets to Vienna Township, IL