$3,086 Closing Credit¹
#CA1034092, Pam Perkins, Listing Office: exp Realty, LLC
Cedar Township Housing Market Report January 2025•Knox County, Illinois
Housing Prices in Cedar Township, IL
How much do homes in Cedar Township, IL cost?
Housing Market Conditions
Is Cedar Township, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Cedar Township is a Neutral Market
Difference Since January 2024
At the same time last year, Cedar Township was a Seller's Market.
Insight
Cedar 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.
Median Sold Price
$115,950$67/SqFt
-$19,050
-14.1%
Based on all homes sold in the last 12 months
Insight
Homes in Cedar Township have sold for 14.1% less than they did a year ago.
Summary: The median home sold price in Cedar Township was $115,950 in January 2025, down 14.1% from last year, and the median price per square foot was $67.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $67.5K | $37K | -45.2% |
| 22 Bedrooms | $150K | $119.9K | -20.1% |
| 33 Bedrooms | $105.4K | $110K | +4.3% |
| 44 Bedrooms | $220K | $194.7K | -11.5% |
| 55+ Bedrooms | - | $130K | N/A |
Summary: Cedar Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -45.2%. The home price for 2 bedroom homes decreased by -20.1%. The home price for 3 bedroom homes increased by +4.3%. The home price for 4 bedroom homes decreased by -11.5%. The home price for 5 bedroom homes did not change.
Housing supply in Cedar Township, IL
How many homes are available in Cedar Township, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 13Last MonthJan 2025 | ||
| 152 months agoDec 2024 | -13.3 % Change MoMDec – Jan |
Summary: The Cedar Township real estate market had 13 homes for sale in Jan 2025, a 13.3 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthJan 2025 | ||
| 22 months agoDec 2024 | 0.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 2 | 2 | 0.0% |
| 44 Bedrooms | 4 | 2 | -50.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 8 | 8 | 0.0% |
Summary: Cedar Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -50.0%. The inventory for 5 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Cedar Township, IL cost?
Over Asking Price0 Home
At Asking Price1 Home
Under Asking Price1 Home
Insight
If you're buying a home in Cedar Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cedar Township in January 2025, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.
Days on Market for Cedar Township, IL
How long does it take to sell a home in Cedar Township, IL?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days2 Homes
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Cedar Township has remained consistent over time.
Summary: During January 2025, 2 homes were sold in Cedar Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 48 DaysThis YearJan 2025 | ||
| 70 Days1 year agoJan 2024 | -31.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Cedar Township had an average listing age of 48 days in Jan 2025, down by 31.0% compared to the previous year.
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Newest Listings in Cedar Township, IL
What homes are available in Cedar Township, IL?
$4,738 Closing Credit¹
#CA1033265, Bradley Hix, Listing Office: CENTURY 21 Tucker Swanson
$9,500 Closing Credit¹
#PA1254631, Jane Swank, Listing Office: EXP Realty, LLC
$272 Closing Credit¹
#CA1032670, Derek Morgan, Listing Office: USRealty.com, LLP
$2,031 Closing Credit¹
#CA1032260, Randy Wilson, Listing Office: exp Realty, LLC
$1,305 Closing Credit¹
#CA1031461, Randy Wilson, Listing Office: exp Realty, LLC
Backup offers
$938 Closing Credit¹
#CA1031365, Jackie Turner, Listing Office: Mel Foster Co. Galesburg
$1,079 Closing Credit¹
#CA1030130, Zack Thiel, Listing Office: RE/MAX Preferred Properties
Backup offers
$2,102 Closing Credit¹
#CA1027789, Zack Thiel, Listing Office: RE/MAX Preferred Properties
Nearby markets
Nearby markets aren't available for Cedar Township, IL
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 02/01/2023 - 02/01/2025
Listings courtesy of RMLS Alliance as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/12/2025, 11:50:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.