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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutland Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Rutland Township, IL

How much do homes in Rutland Township, IL cost?

Median Sold Price

$315,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,000(+5.0%)

Key Takeaway

Homes in Rutland Township have sold for 5% more than they did a year ago.

Summary: The median home sold price in Rutland Township was $315,000 in April 2024, up 5% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $220K$235K
+6.8%
2 $277.4K$294.9K
+6.3%
3 $289.4K$305K
+5.4%
4 $408K$408.9K
0.2%
5+ $408K$465.5K
+14.1%

Summary: Rutland Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 14.1%.

Median Sold Price Compared To Nearby Cities

Pingree Grove
+13.2%
Hampshire
+10.4%
Gilberts
+9.3%
Rutland Township
+5.0%
Huntley
+1.4%

Housing Supply in Rutland Township, IL

How many homes are available in Rutland Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
113140+23.9%

Summary: The Rutland Township real estate market had 140 homes for sale in April 2024, a 23.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 02
+100.0%
2 6864
-5.9%
3 3449
+44.1%
4 1023
+130.0%
5+ 12
+100.0%

Summary: The Rutland 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 decreased by 5.9%, 3 bedroom homes increased by 44.1%, 4 bedroom homes increased by 130%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3640+11.1%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutland Township, you could pay more than the asking price. 45% of homes here sold above asking price last month.

Summary: A total of 40 homes were sold or pending in Rutland Township in April 2024, up by 11.1% month-over-month. Of the 40 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% 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

Apr 2023Apr 2024CHANGE
21 Days32 Days+50.2%

Summary: Homes in Rutland Township had an average of 32 days on market in Apr 2024, up by 50.2% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rutland Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 40 homes were sold in Rutland Township; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% 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

Newest Listings in Rutland Township, IL

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What housing markets are near Rutland Township, IL?