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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warren Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Warren Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Warren Township, IL

How much do homes in Warren Township, IL cost?

Median Sold Price

$147,000

$112/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$12,000(-7.5%)

Key Takeaway

Homes in Warren Township have sold for 7.5% less than they did a month ago.

Summary: The median home sold price in Warren Township was $147,000 in December 2024, down 7.5% from last month, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $159K$147K
-7.5%
4 --
N/A
5+ --
N/A

Summary: Warren Township housing prices by bedroom type for December 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 7.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Monticello
+12.9%
Warren Township
-7.5%
Warren
-7.5%

Housing Supply in Warren Township, IL

How many homes are available in Warren Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
32-33.3%

Summary: The Warren Township real estate market had 2 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Warren Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warren Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Warren Township in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Warren Township, IL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
83 Days111 Days+33.7%

Summary: Homes in Warren Township had an average of 111 days on market in Dec 2024, up by 33.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Warren Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 1 homes were sold in Warren Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 Warren Township, IL

Nearby Markets to Warren Township, IL