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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moraine Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Moraine Township, IL

How much do homes in Moraine Township, IL cost?

Median Sold Price

$650,250

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$47,250(+7.8%)

Key Takeaway

Homes in Moraine Township have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Moraine Township was $650,250 in April 2024, up 7.8% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $165K$192K
+16.4%
2 $342K$385K
+12.6%
3 $504K$525K
+4.2%
4 $755K$750K
-0.7%
5+ $975K$1.1M
+20.5%

Summary: Moraine Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 20.5%.

Median Sold Price Compared To Nearby Cities

Highwood
+17.8%
West Deerfield Township
+11.7%
Moraine Township
+7.8%
Highland Park
+4.6%
Deerfield
+2.2%

Housing Supply in Moraine Township, IL

How many homes are available in Moraine Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
117140+19.7%

Summary: The Moraine Township real estate market had 140 homes for sale in April 2024, a 19.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1618
+12.5%
3 4147
+14.6%
4 4046
+15.0%
5+ 2029
+45.0%

Summary: The Moraine 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 increased by 12.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 45%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2538+52.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moraine Township, you could pay more than the asking price. 65.8% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in Moraine Township in April 2024, up by 52.0% month-over-month. Of the 38 sold homes, 24% were sold under asking, 11% were sold at asking, and 66% were sold over asking.

Days on Market for Moraine Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
35 Days29 Days-16.0%

Summary: Homes in Moraine Township had an average of 29 days on market in Apr 2024, down by 16% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 38 homes were sold in Moraine Township; 87% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 11% 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 Moraine Township, IL

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