Is Pontiac 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, Pontiac Township has remained a Seller's Market.
Housing Prices in Pontiac Township, IL
How much do homes in Pontiac Township, IL cost?
Median Sold Price
$133,500
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pontiac Township was $133,500 in May 2024, up 9.6% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $51.9K | +15.4% |
2 Bedrooms | $90K | $80K | -11.1% |
3 Bedrooms | $130K | $139.9K | +7.7% |
4 Bedrooms | $180.9K | $185K | +2.3% |
5+ Bedrooms | $225K | $178.7K | -20.6% |
Summary: Pontiac Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 20.6%.
Median Sold Price Compared To Nearby Cities
Pontiac | $120K | $133.5K | +11.3% |
Pontiac Township | $121.8K | $133.5K | +9.6% |
Housing Supply in Pontiac Township, IL
How many homes are available in Pontiac Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 35 | +16.7% |
Summary: The Pontiac Township real estate market had 35 homes for sale in May 2024, a 16.7% increase 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 | 7 | 14 | +100.0% |
3 Bedrooms | 14 | 12 | -14.3% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pontiac 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 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Pontiac Township in May 2024, up by 44.4% month-over-month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% were sold over asking.
Days on Market for Pontiac Township, IL
How long does it take to sell a home in Pontiac Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 40 Days | +34.2% |
Summary: Homes in Pontiac Township had an average of 40 days on market in May 2024, up by 34.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Pontiac Township; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.