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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fremont Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Fremont Township, IL

How much do homes in Fremont Township, IL cost?

Median Sold Price

$391,911

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$23,637(+6.4%)

Key Takeaway

Homes in Fremont Township have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Fremont Township was $391,911 in May 2024, up 6.4% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$109.9K
N/A
2 $219.5K$240.7K
+9.7%
3 $321.6K$370K
+15.0%
4 $415K$490K
+18.1%
5+ $532K$555K
+4.3%

Summary: Fremont Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Round Lake Park
+14.5%
Wauconda
+13.6%
Mundelein
+13.3%
Hawthorn Woods
+12.1%
Fremont Township
+6.4%

Housing Supply in Fremont Township, IL

How many homes are available in Fremont Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
132151+14.4%

Summary: The Fremont Township real estate market had 151 homes for sale in May 2024, a 14.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 3343
+30.3%
3 3541
+17.1%
4 4749
+4.3%
5+ 1618
+12.5%

Summary: The Fremont Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 30.3%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3743+16.2%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fremont Township, you could pay more than the asking price. 53.5% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in Fremont Township in May 2024, up by 16.2% month-over-month. Of the 43 sold homes, 26% were sold under asking, 21% were sold at asking, and 53% were sold over asking.

Days on Market for Fremont Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
39 Days23 Days-40.2%

Summary: Homes in Fremont Township had an average of 23 days on market in May 2024, down by 40.2% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 43 homes were sold in Fremont Township; 84% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 9% 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 8 Days Ago

Newest Listings in Fremont Township, IL

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What housing markets are near Fremont Township, IL?