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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coral Township is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Coral Township, IL

How much do homes in Coral Township, IL cost?

Median Sold Price

$416,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$9,000(-2.1%)

Key Takeaway

Homes in Coral Township have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Coral Township was $416,000 in April 2024, down 2.1% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $437.5K$403.9K
-7.7%
3 $390K$380K
-2.6%
4 $429.7K$450K
+4.7%
5+ $493.9K$880K
+78.2%

Summary: Coral Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 78.2%.

Median Sold Price Compared To Nearby Cities

Marengo
+35.8%
Huntley
+1.4%
Coral Township
-2.1%
Seneca Township
-5.3%

Housing Supply in Coral Township, IL

How many homes are available in Coral Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
812+50.0%

Summary: The Coral Township real estate market had 12 homes for sale in April 2024, a 50.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 36
+100.0%
4 24
+100.0%
5+ 11
0.0%

Summary: The Coral 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 decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coral Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Coral Township in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Coral Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
12 Days7 Days-44.0%

Summary: Homes in Coral Township had an average of 7 days on market in Apr 2024, down by 44% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in Coral Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in Coral Township, IL

Nearby Markets to Coral Township, IL

What housing markets are near Coral Township, IL?