Is Capital Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Capital Township has remained a Seller's Market.
Housing Prices in Capital Township, IL
How much do homes in Capital Township, IL cost?
Median Sold Price
$160,428
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Capital Township was $160,428 in May 2024, up 7.2% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.8K | $41K | -16.1% |
2 Bedrooms | $93.7K | $103.4K | +10.4% |
3 Bedrooms | $155.3K | $165K | +6.3% |
4 Bedrooms | $271.2K | $247.5K | -8.8% |
5+ Bedrooms | $424K | $455K | +7.3% |
Summary: Capital Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Woodside Township | $125K | $145K | +16.0% |
Jerome | $129K | $146.5K | +13.6% |
Springfield | $144.9K | $160K | +10.4% |
Capital Township | $149.6K | $160.4K | +7.2% |
Housing Supply in Capital Township, IL
How many homes are available in Capital Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
435 | 411 | -5.5% |
Summary: The Capital Township real estate market had 411 homes for sale in May 2024, a 5.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 122 | 111 | -9.0% |
3 Bedrooms | 208 | 189 | -9.1% |
4 Bedrooms | 78 | 81 | +3.8% |
5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The Capital 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 decreased by 9%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
128 | 157 | +22.7% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Summary: A total of 157 homes were sold or pending in Capital Township in May 2024, up by 22.7% month-over-month. Of the 157 sold homes, 39% were sold under asking, 16% were sold at asking, and 45% were sold over asking.
Days on Market for Capital Township, IL
How long does it take to sell a home in Capital Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 12 Days | -21.0% |
Summary: Homes in Capital Township had an average of 12 days on market in May 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
140 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 157 homes were sold in Capital Township; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.