Is Maine Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Maine Township has remained a Seller's Market.
Housing Prices in Maine Township, IL
How much do homes in Maine Township, IL cost?
Median Sold Price
$363,329
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Maine Township was $363,329 in May 2024, up 9.6% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.2K | $150K | +13.4% |
2 Bedrooms | $234.1K | $254.7K | +8.8% |
3 Bedrooms | $360.2K | $400K | +11.0% |
4 Bedrooms | $512.5K | $549.9K | +7.3% |
5+ Bedrooms | $650K | $650K | 0.0% |
Summary: Maine Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Niles | $325K | $357.6K | +10.0% |
Maine Township | $331.5K | $363.3K | +9.6% |
Park Ridge | $491K | $525.7K | +7.1% |
Des Plaines | $295K | $300K | +1.7% |
Housing Supply in Maine Township, IL
How many homes are available in Maine Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
411 | 494 | +20.2% |
Summary: The Maine Township real estate market had 494 homes for sale in May 2024, a 20.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 29 | +7.4% |
2 Bedrooms | 112 | 131 | +17.0% |
3 Bedrooms | 157 | 202 | +28.7% |
4 Bedrooms | 84 | 89 | +6.0% |
5+ Bedrooms | 31 | 43 | +38.7% |
Summary: The Maine Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 28.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 38.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
130 | 157 | +20.8% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
69 Homes Were Sold
Over Asking
Summary: A total of 157 homes were sold or pending in Maine Township in May 2024, up by 20.8% month-over-month. Of the 157 sold homes, 44% were sold under asking, 12% were sold at asking, and 44% were sold over asking.
Days on Market for Maine Township, IL
How long does it take to sell a home in Maine Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 23 Days | +18.6% |
Summary: Homes in Maine Township had an average of 23 days on market in May 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
125 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 157 homes were sold in Maine Township; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.