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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tyrone Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Tyrone Township was a Seller's Market.

Key Takeaway

Tyrone Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tyrone Township, IL

How much do homes in Tyrone Township, IL cost?

Median Sold Price

$54,030

$52/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$17,870(-24.9%)

Key Takeaway

Homes in Tyrone Township have sold for 24.9% less than they did a year ago.

Summary: The median home sold price in Tyrone Township was $54,030 in May 2024, down 24.9% from last year, and the median price per square foot was $52.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $45K$23K
-48.9%
2 $66.9K$57.7K
-13.7%
3 $125K$41K
-67.1%
4 $100K$142.2K
+42.3%
5+ $415K$274K
-34.0%

Summary: Tyrone Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.9%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes decreased by 67.1%, 4 bedroom homes increased by 42.3%, and 5+ bedroom homes decreased by 34%.

Housing Supply in Tyrone Township, IL

How many homes are available in Tyrone Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1922+15.8%

Summary: The Tyrone Township real estate market had 22 homes for sale in May 2024, a 15.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 65
-16.7%
3 610
+66.7%
4 45
+25.0%
5+ 11
0.0%

Summary: The Tyrone Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 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 Tyrone Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Tyrone Township in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Tyrone Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
59 Days8 Days-86.1%

Summary: Homes in Tyrone Township had an average of 8 days on market in May 2024, down by 86.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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 Tyrone Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Tyrone 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 1 Day Ago

Newest Listings in Tyrone Township, IL

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