$5,000
Land
Ben Ladage, Listing Office: The Real Estate Group, Inc.
Is Virden Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Virden Township was a Buyer's Market.
Key Takeaway
Virden Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Virden Township, IL
How much do homes in Virden Township, IL cost?
Median Sold Price
$99,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,000(-5.7%)
Key Takeaway
Homes in Virden Township have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in Virden Township was $99,000 in October 2024, down 5.7% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $76K | -13.1% |
| 2 Bedrooms | $84.4K | $73K | -13.6% |
| 3 Bedrooms | $117K | $106K | -9.4% |
| 4 Bedrooms | $185K | $181.7K | -1.8% |
| 5+ Bedrooms | $195K | - | N/A |
Summary: Virden Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Girard Township | $114K | $174.9K | +53.5% |
| Auburn Township | $138.4K | $153K | +10.5% |
| Virden Township | $105K | $99K | -5.7% |
| Virden | $105K | $99K | -5.7% |
Housing Supply in Virden Township, IL
How many homes are available in Virden Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Virden Township real estate market had 14 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Virden 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Virden Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Virden Township in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Virden Township, IL
How long does it take to sell a home in Virden Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 7 Days | -26.2% |
Summary: Homes in Virden Township had an average of 7 days on market in Oct 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Virden Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Virden 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.