Is Coloma 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, Coloma Township has remained a Seller's Market.
Housing Prices in Coloma Township, IL
How much do homes in Coloma Township, IL cost?
Median Sold Price
$89,900
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Coloma Township was $89,900 in May 2024, up 6.4% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.5K | $55K | +2.8% |
2 Bedrooms | $60K | $75K | +25.0% |
3 Bedrooms | $100K | $118.5K | +18.5% |
4 Bedrooms | $96.2K | $117.4K | +22.0% |
5+ Bedrooms | $99K | $137.5K | +38.9% |
Summary: Coloma Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 38.9%.
Median Sold Price Compared To Nearby Cities
Rock Falls | $77.2K | $108K | +39.9% |
Montmorency Township | $139.7K | $176K | +25.9% |
Sterling | $108K | $117.8K | +9.1% |
Coloma Township | $84.5K | $89.9K | +6.4% |
Sterling Township | $114.6K | $117.8K | +2.9% |
Housing Supply in Coloma Township, IL
How many homes are available in Coloma Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 40 | +42.9% |
Summary: The Coloma Township real estate market had 40 homes for sale in May 2024, a 42.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 11 | 21 | +90.9% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Coloma Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 90.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 12 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Coloma Township in May 2024, up by 200.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Coloma Township, IL
How long does it take to sell a home in Coloma Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 22 Days | -52.9% |
Summary: Homes in Coloma Township had an average of 22 days on market in May 2024, down by 52.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Coloma Township; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.