Is Little Rock Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Little Rock Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Little Rock Township has remained a Seller's Market.

Key Takeaway

Little Rock Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Little Rock Township, IL

How much do homes in Little Rock Township, IL cost?

Median Sold Price

$245,500

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,250(+9.0%)

Key Takeaway

Homes in Little Rock Township have sold for 9% more than they did a year ago.

Summary: The median home sold price in Little Rock Township was $245,500 in May 2024, up 9% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $112.4K$79K
-29.7%
2 $185K$215K
+16.2%
3 $228K$245K
+7.5%
4 $288.9K$305K
+5.6%
5+ $350K$410K
+17.1%

Summary: Little Rock Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.7%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Cities

Sandwich
+18.7%
Yorkville
+15.9%
Plano
+9.8%
Little Rock Township
+9.0%

Housing Supply in Little Rock Township, IL

How many homes are available in Little Rock Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3330-9.1%

Summary: The Little Rock Township real estate market had 30 homes for sale in May 2024, a 9.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 2017
-15.0%
4 65
-16.7%
5+ 32
-33.3%

Summary: The Little Rock 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 increased by 50%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Little Rock Township, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Little Rock Township in May 2024, up by 20.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% were sold over asking.

Days on Market for Little Rock Township, IL

How long does it take to sell a home in Little Rock Township, IL?

Average Sale Time

May 2023May 2024CHANGE
24 Days9 Days-61.9%

Summary: Homes in Little Rock Township had an average of 9 days on market in May 2024, down by 61.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Little Rock Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 12 homes were sold in Little Rock Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Little Rock Township, IL

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