Is Marengo Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Marengo Township has remained a Seller's Market.
Housing Prices in Marengo Township, IL
How much do homes in Marengo Township, IL cost?
Median Sold Price
$330,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marengo Township was $330,000 in April 2024, up 36.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $190.2K | N/A |
2 Bedrooms | $160.9K | $249K | +54.7% |
3 Bedrooms | $251.5K | $325K | +29.2% |
4 Bedrooms | $255.7K | $365K | +42.7% |
5+ Bedrooms | $290K | $373K | +28.6% |
Summary: Marengo 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 increased by 54.7%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 42.7%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Cities
Marengo Township | $242K | $330K | +36.4% |
Marengo | $243K | $330K | +35.8% |
Dunham Township | $220K | $260K | +18.2% |
Seneca Township | $377.5K | $357.5K | -5.3% |
Hartland Township | $404.9K | $259.9K | -35.8% |
Housing Supply in Marengo Township, IL
How many homes are available in Marengo Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 54 | +20.0% |
Summary: The Marengo Township real estate market had 54 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 17 | 21 | +23.5% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Marengo 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Marengo Township in April 2024, down by 7.7% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.
Days on Market for Marengo Township, IL
How long does it take to sell a home in Marengo Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 42 Days | -34.9% |
Summary: Homes in Marengo Township had an average of 42 days on market in Apr 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Marengo Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.