Is Rich 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, Rich Township has remained a Seller's Market.
Housing Prices in Rich Township, IL
How much do homes in Rich Township, IL cost?
Median Sold Price
$195,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rich Township was $195,000 in April 2024, down 7.1% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $64.5K | $49K | -24.0% |
2 Bedrooms | $149.9K | $145K | -3.3% |
3 Bedrooms | $198.2K | $182.4K | -7.9% |
4 Bedrooms | $266.6K | $260.1K | -2.4% |
5+ Bedrooms | $379.9K | $387K | +1.9% |
Summary: Rich Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
Olympia Fields | $321.2K | $322.3K | 0.3% |
Flossmoor | $315K | $315K | 0.0% |
Country Club Hills | $195.5K | $189.9K | -2.9% |
Matteson | $239.9K | $230K | -4.2% |
Rich Township | $209.9K | $195K | -7.1% |
Housing Supply in Rich Township, IL
How many homes are available in Rich Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
385 | 417 | +8.3% |
Summary: The Rich Township real estate market had 417 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 78 | 76 | -2.6% |
3 Bedrooms | 182 | 203 | +11.5% |
4 Bedrooms | 108 | 117 | +8.3% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Rich Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 93 | +5.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 93 homes were sold or pending in Rich Township in April 2024, up by 5.7% month-over-month. Of the 93 sold homes, 26% were sold under asking, 32% were sold at asking, and 42% were sold over asking.
Days on Market for Rich Township, IL
How long does it take to sell a home in Rich Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 54 Days | +41.5% |
Summary: Homes in Rich Township had an average of 54 days on market in Apr 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 93 homes were sold in Rich Township; 49% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.