Is Rutland 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, Rutland Township has remained a Seller's Market.
Housing Prices in Rutland Township, IL
How much do homes in Rutland Township, IL cost?
Median Sold Price
$205,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rutland Township was $205,000 in May 2024, down 4.7% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47K | $305K | +548.9% |
2 Bedrooms | $160K | $194.4K | +21.5% |
3 Bedrooms | $230K | $250K | +8.7% |
4 Bedrooms | $389K | $197.5K | -49.2% |
5+ Bedrooms | $55K | $95K | +72.7% |
Summary: Rutland Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 548.9%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 49.2%, and 5+ bedroom homes increased by 72.7%.
Median Sold Price Compared To Nearby Cities
Ottawa | $155K | $179.5K | +15.8% |
Marseilles | $182.5K | $180K | -1.4% |
Rutland Township | $215K | $205K | -4.7% |
Housing Supply in Rutland Township, IL
How many homes are available in Rutland Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 25 | +8.7% |
Summary: The Rutland Township real estate market had 25 homes for sale in May 2024, a 8.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rutland Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Rutland Township in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Rutland Township, IL
How long does it take to sell a home in Rutland Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
60 Days | 77 Days | +27.5% |
Summary: Homes in Rutland Township had an average of 77 days on market in May 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Rutland Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.