Is Moraine 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, Moraine Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $192K | +16.4% |
2 Bedrooms | $342K | $385K | +12.6% |
3 Bedrooms | $504K | $525K | +4.2% |
4 Bedrooms | $755K | $750K | -0.7% |
5+ Bedrooms | $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 | $365K | $430K | +17.8% |
West Deerfield Township | $662.8K | $740.5K | +11.7% |
Moraine Township | $603K | $650.2K | +7.8% |
Highland Park | $637.6K | $667K | +4.6% |
Deerfield | $533.3K | $545K | +2.2% |
Housing Supply in Moraine Township, IL
How many homes are available in Moraine Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
117 | 140 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 41 | 47 | +14.6% |
4 Bedrooms | 40 | 46 | +15.0% |
5+ Bedrooms | 20 | 29 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 38 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 29 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
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.