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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Western Township is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Western Township, IL

How much do homes in Western Township, IL cost?

Median Sold Price

$184,000

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$19,000(+11.5%)

Key Takeaway

Homes in Western Township have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Western Township was $184,000 in December 2024, up 11.5% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $173.9K$204K
+17.3%
3 $153K$166K
+8.5%
4 $215K$204K
-5.1%
5+ $422.2K$202K
-52.2%

Summary: Western Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 52.2%.

Median Sold Price Compared To Nearby Cities

Colona Township
+17.6%
Western Township
+11.5%
Orion
+8.4%

Housing Supply in Western Township, IL

How many homes are available in Western Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
440.0%

Summary: The Western Township real estate market had 4 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Western 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were 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 Western Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Western Township in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Western Township, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
56 Days21 Days-63.0%

Summary: Homes in Western Township had an average of 21 days on market in Dec 2024, down by 63% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 Western Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in Western 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 2 Days Ago

Newest Listings in Western Township, IL

Nearby Markets to Western Township, IL

What housing markets are near Western Township, IL?