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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Township is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Central Township was a Seller's Market.

Key Takeaway

Central Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Central Township, IL

How much do homes in Central Township, IL cost?

Median Sold Price

$135,000

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$4,500(+3.4%)

Key Takeaway

Homes in Central Township have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Central Township was $135,000 in April 2024, up 3.4% from last year, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $37K$58K
+56.8%
2 $75K$108.2K
+44.3%
3 $142.2K$143K
0.5%
4 $164.9K$171K
+3.7%
5+ $212K$315K
+48.6%

Summary: Central Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.8%, 2 bedroom homes increased by 44.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 48.6%.

Median Sold Price Compared To Nearby Cities

Greenville
+7.5%
Central Township
+3.4%

Housing Supply in Central Township, IL

How many homes are available in Central Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2229+31.8%

Summary: The Central Township real estate market had 29 homes for sale in April 2024, a 31.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 1318
+38.5%
4 22
0.0%
5+ 22
0.0%

Summary: The Central Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
440.0%

Asking Price vs. Sold Price

4 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 Central Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Central Township in April 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Central Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
58 Days72 Days+24.7%

Summary: Homes in Central Township had an average of 72 days on market in Apr 2024, up by 24.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Central Township has remained consistent over time.

Summary: During April 2024, 4 homes were sold in Central Township; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 27 Days Ago

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Newest Listings in Central Township, IL

Nearby Markets to Central Township, IL

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 05/01/2022 - 05/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2024, 6:23:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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