Is Tuscola 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, Tuscola Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $88K | $83K | -5.7% |
2 Bedrooms | $127K | $115K | -9.4% |
3 Bedrooms | $142.5K | $147K | +3.2% |
4 Bedrooms | $176.5K | $213.5K | +21.0% |
5+ Bedrooms | $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 | $115K | $129.5K | +12.6% |
Tuscola | $137.7K | $146K | +6.0% |
Tuscola Township | $140K | $146K | +4.3% |
Pesotum Township | $185K | $167K | -9.7% |
Housing Supply in Tuscola Township, IL
How many homes are available in Tuscola Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 16 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 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 2024 | May 2024 | CHANGE |
---|---|---|
4 | 5 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 35 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
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.