Is Little Rock 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, Little Rock Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112.4K | $79K | -29.7% |
2 Bedrooms | $185K | $215K | +16.2% |
3 Bedrooms | $228K | $245K | +7.5% |
4 Bedrooms | $288.9K | $305K | +5.6% |
5+ Bedrooms | $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%.
Housing Supply in Little Rock Township, IL
How many homes are available in Little Rock Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 30 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 20 | 17 | -15.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 3 | 2 | -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 2024 | May 2024 | CHANGE |
---|---|---|
10 | 12 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 9 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
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.