Is Denning Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Denning Township was a Buyer's Market.
Key Takeaway
Denning Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Denning Township, IL
How much do homes in Denning Township, IL cost?
Median Sold Price
$94,000
$51/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Denning Township have sold for 27.1% less than they did a month ago.
Summary: The median home sold price in Denning Township was $94,000 in May 2024, down 27.1% from last month, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $129K | $68K | -47.3% |
| 3 Bedrooms | $261.9K | $126K | -51.9% |
| 4 Bedrooms | - | $35K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Denning Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 47.3%, 3 bedroom homes decreased by 51.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Denning Township, IL
How many homes are available in Denning Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The Denning Township real estate market had 27 homes for sale in May 2024, a 6.9% decrease 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 | 8 | 5 | -37.5% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Denning 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 37.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denning Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Denning Township in May 2024, up by 200.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Denning Township, IL
How long does it take to sell a home in Denning Township, IL?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 Days | 45 Days | -20.0% |
Summary: Homes in Denning Township had an average of 45 days on market in May 2024, down by 20% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Denning Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Denning Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.