Is Somerset Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Somerset Township was a Buyer's Market.
Housing Prices in Somerset Township, IL
How much do homes in Somerset Township, IL cost?
Median Sold Price
$152,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Somerset Township was $152,000 in April 2024, up 5.6% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $79.9K | - | N/A |
3 Bedrooms | $151.5K | $146.5K | -3.3% |
4 Bedrooms | $272.5K | $172K | -36.9% |
5+ Bedrooms | $110K | $143K | +30.0% |
Summary: Somerset 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 did not change, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 36.9%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Cities
Murphysboro | $79K | $115K | +45.6% |
Murphysboro Township | $91.5K | $118K | +29.0% |
Somerset Township | $144K | $152K | +5.6% |
Housing Supply in Somerset Township, IL
How many homes are available in Somerset Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Summary: The Somerset Township real estate market had 11 homes for sale in April 2024, a 22.2% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Somerset 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 25%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Somerset Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Somerset Township, IL
How long does it take to sell a home in Somerset Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 68 Days | -7.4% |
Summary: Homes in Somerset Township had an average of 68 days on market in Apr 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Somerset Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.