Is Burton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Burton Township has remained a Seller's Market.
Housing Prices in Burton Township, IL
How much do homes in Burton Township, IL cost?
Median Sold Price
$375,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Burton Township was $375,000 in May 2024, up 4.2% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $210.5K | $225.5K | +7.1% |
3 Bedrooms | $289K | $307.5K | +6.4% |
4 Bedrooms | $367K | $480K | +30.8% |
5+ Bedrooms | $466.2K | $575K | +23.3% |
Summary: Burton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Cities
Randall | $430K | $485.7K | +13.0% |
Fox Lake | $206.6K | $230K | +11.3% |
Twin Lakes | $335K | $370K | +10.4% |
Burton Township | $359.9K | $375K | +4.2% |
Spring Grove | $391.9K | $376K | -4.1% |
Housing Supply in Burton Township, IL
How many homes are available in Burton Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Burton Township real estate market had 23 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Burton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Burton Township in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% were sold over asking.
Days on Market for Burton Township, IL
How long does it take to sell a home in Burton Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 21 Days | +30.5% |
Summary: Homes in Burton Township had an average of 21 days on market in May 2024, up by 30.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Burton Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.