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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pecatonica Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Pecatonica Township was a Seller's Market.

Key Takeaway

Pecatonica Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pecatonica Township, IL

How much do homes in Pecatonica Township, IL cost?

Median Sold Price

$201,000

$134/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$79,000(+64.8%)

Key Takeaway

Homes in Pecatonica Township have sold for 64.8% more than they did a month ago.

Summary: The median home sold price in Pecatonica Township was $201,000 in May 2024, up 64.8% from last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $122K-
N/A
3 -$201K
N/A
4 --
N/A
5+ --
N/A

Summary: Pecatonica 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pecatonica Township
+64.8%
Pecatonica
+64.8%
Durand Township
-24.1%

Housing Supply in Pecatonica Township, IL

How many homes are available in Pecatonica Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
56+20.0%

Summary: The Pecatonica Township real estate market had 6 homes for sale in May 2024, a 20.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 12
+100.0%
4 23
+50.0%
5+ 11
0.0%

Summary: The Pecatonica 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 increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pecatonica Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Pecatonica Township in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Pecatonica Township, IL

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

Average Sale Time

Apr 2024May 2024CHANGE
5 Days7 Days+40.0%

Summary: Homes in Pecatonica Township had an average of 7 days on market in May 2024, up by 40% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Pecatonica Township; 100% of homes were sold within 30 days, 0% 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 9 Days Ago

Newest Listings in Pecatonica Township, IL

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