Is Coloma Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Coloma Township was a Seller's Market.
Housing Prices in Coloma Township, IL
How much do homes in Coloma Township, IL cost?
Median Sold Price
$89,900
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Coloma Township was $89,900 in April 2024, up 3.3% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.5K | $55K | +2.8% |
2 Bedrooms | $62.5K | $71K | +13.6% |
3 Bedrooms | $109.9K | $116.4K | +6.0% |
4 Bedrooms | $113.5K | $112.4K | -0.9% |
5+ Bedrooms | $99K | $136.3K | +37.7% |
Summary: Coloma Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 37.7%.
Median Sold Price Compared To Nearby Cities
Rock Falls | $80.5K | $102K | +26.7% |
Montmorency Township | $140K | $166K | +18.6% |
Sterling | $107.3K | $119.9K | +11.8% |
Sterling Township | $112K | $119.9K | +7.1% |
Coloma Township | $87K | $89.9K | +3.3% |
Housing Supply in Coloma Township, IL
How many homes are available in Coloma Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 28 | -9.7% |
Summary: The Coloma Township real estate market had 28 homes for sale in April 2024, a 9.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 14 | 11 | -21.4% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Coloma Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 4 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Coloma Township in April 2024, down by 66.7% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Coloma Township, IL
How long does it take to sell a home in Coloma Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 26 Days | -57.9% |
Summary: Homes in Coloma Township had an average of 26 days on market in Apr 2024, down by 57.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Coloma Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.