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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boone Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Boone Township, IL

How much do homes in Boone Township, IL cost?

Median Sold Price

$200,000

$115/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since May 2023.

Key Takeaway

The sold price of homes in Boone Township has remained the same since last year.

Summary: The median home sold price in Boone Township was $200,000 in May 2024, the same as last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $199K-
N/A
2 $117.5K$148.9K
+26.7%
3 $245K$229.9K
-6.2%
4 -$211K
N/A
5+ $160.1K$292.5K
+82.7%

Summary: Boone Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 82.7%.

Median Sold Price Compared To Nearby Cities

Capron
+14.4%
Boone Township
0.0%
Poplar Grove Township
-4.2%

Housing Supply in Boone Township, IL

How many homes are available in Boone Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
48+100.0%

Summary: The Boone Township real estate market had 8 homes for sale in May 2024, a 100.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 13
+200.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Boone Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
02+100.0%

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 Boone 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 Boone Township in May 2024, up by 100.0% 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 Boone Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
187 Days10 Days-94.7%

Summary: Homes in Boone Township had an average of 10 days on market in May 2024, down by 94.7% 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 Boone Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Boone 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 Boone Township, IL

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What housing markets are near Boone Township, IL?