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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Virgil Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Virgil Township has remained a Seller's Market.

Key Takeaway

Virgil Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Virgil Township, IL

How much do homes in Virgil Township, IL cost?

Median Sold Price

$251,353

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$116,147(-31.6%)

Key Takeaway

Homes in Virgil Township have sold for 31.6% less than they did a year ago.

Summary: The median home sold price in Virgil Township was $251,353 in October 2024, down 31.6% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $175K$225K
+28.6%
3 $345K$239K
-30.7%
4 $375K$390K
+4.0%
5+ $460.4K$682K
+48.1%

Summary: Virgil Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 30.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 48.1%.

Median Sold Price Compared To Nearby Cities

Maple Park
-6.8%
Virgil Township
-31.6%

Housing Supply in Virgil Township, IL

How many homes are available in Virgil Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
51-80.0%

Summary: The Virgil Township real estate market had 1 homes for sale in October 2024, a 80.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 31
-66.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Virgil 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 100%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were 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 Virgil Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Virgil Township in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Virgil Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
4 Days2 Days-55.6%

Summary: Homes in Virgil Township had an average of 2 days on market in Oct 2024, down by 55.6% compared to last year.

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

Summary: During October 2024, 1 homes were sold in Virgil 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 Virgil Township, IL

Nearby Markets to Virgil Township, IL

What housing markets are near Virgil Township, IL?