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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tuscola Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Tuscola Township, IL

How much do homes in Tuscola Township, IL cost?

Median Sold Price

$146,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,000(+4.3%)

Key Takeaway

Homes in Tuscola Township have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Tuscola Township was $146,000 in May 2024, up 4.3% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $88K$83K
-5.7%
2 $127K$115K
-9.4%
3 $142.5K$147K
+3.2%
4 $176.5K$213.5K
+21.0%
5+ $137.5K$84.5K
-38.5%

Summary: Tuscola Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 21%, and 5+ bedroom homes decreased by 38.5%.

Median Sold Price Compared To Nearby Cities

Camargo Township
+12.6%
Tuscola
+6.0%
Tuscola Township
+4.3%
Pesotum Township
-9.7%

Housing Supply in Tuscola Township, IL

How many homes are available in Tuscola Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1516+6.7%

Summary: The Tuscola Township real estate market had 16 homes for sale in May 2024, a 6.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 87
-12.5%
4 34
+33.3%
5+ 00
0.0%

Summary: The Tuscola 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 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tuscola Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Tuscola Township in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Tuscola Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
36 Days35 Days-3.2%

Summary: Homes in Tuscola Township had an average of 35 days on market in May 2024, down by 3.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Tuscola Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 Tuscola Township, IL

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