New - 1 day on Rocket
$1,341 Closing Credit¹
#PA1255748, Esther Webber, Listing Office: Century 21 Lincoln National Re
Washington Township Housing Market Report January 2025•Tazewell County, Illinois
Housing Prices in Washington Township, IL
How much do homes in Washington Township, IL cost?
Housing Market Conditions
Is Washington Township, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Washington Township is a Seller's Market
Difference Since January 2024
Since last year, Washington Township has remained a Seller's Market.
Insight
Washington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$224,500$119/SqFt
+$31,683
+16.4%
Based on all homes sold in the last 12 months
Insight
Homes in Washington Township have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Washington Township was $224,500 in January 2025, up 16.4% from last year, and the median price per square foot was $119.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Washington Township | $192.8K | $224.5K | +16.4% |
| Washington | $193.2K | $224.5K | +16.2% |
| Morton | $237K | $273.5K | +15.4% |
| East Peoria | $165K | $185K | +12.1% |
| Worth Township | $259.4K | $265K | +2.1% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $97.5K | N/A |
| 22 Bedrooms | $128K | $144K | +12.5% |
| 33 Bedrooms | $167K | $190K | +13.8% |
| 44 Bedrooms | $260K | $314.9K | +21.1% |
| 55+ Bedrooms | $396.2K | $410K | +3.5% |
Summary: Washington Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +12.5%. The home price for 3 bedroom homes increased by +13.8%. The home price for 4 bedroom homes increased by +21.1%. The home price for 5 bedroom homes increased by +3.5%.
Housing supply in Washington Township, IL
How many homes are available in Washington Township, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 60Last MonthJan 2025 | ||
| 662 months agoDec 2024 | -9.1 % Change MoMDec – Jan |
Summary: The Washington Township real estate market had 60 homes for sale in Jan 2025, a 9.1 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 16Last MonthJan 2025 | ||
| 232 months agoDec 2024 | -30.4 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 0 | -100.0% |
| 22 Bedrooms | 11 | 9 | -18.2% |
| 33 Bedrooms | 28 | 29 | +3.6% |
| 44 Bedrooms | 20 | 15 | -25.0% |
| 55+ Bedrooms | 6 | 7 | +16.7% |
Summary: Washington Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -18.2%. The inventory for 3 bedroom homes increased by +3.6%. The inventory for 4 bedroom homes decreased by -25.0%. The inventory for 5 bedroom homes increased by +16.7%.
Asking Price vs. Sold Price
How much do homes in Washington Township, IL cost?
Over Asking Price3 Homes
At Asking Price2 Homes
Under Asking Price11 Homes
Insight
If you're buying a home in Washington Township, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Washington Township in January 2025, down by 30.4% month-over-month. Of the 16 sold homes, 69% were sold under asking, 13% were sold at asking, and and 19% were sold over asking.
Days on Market for Washington Township, IL
How long does it take to sell a home in Washington Township, IL?
Breakdown of Home Sale Times
Under 30 Days10 Homes
30 – 90 Days4 Homes
Over 90 Days2 Homes
Insight
Many homes in Washington Township are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 16 homes were sold in Washington Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 29 DaysThis YearJan 2025 | ||
| 14 Days1 year agoJan 2024 | +101.2 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Washington Township had an average listing age of 29 days in Jan 2025, up by 101.2% compared to the previous year.
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Newest Listings in Washington Township, IL
What homes are available in Washington Township, IL?
New - 1 day on Rocket
$1,959 Closing Credit¹
#PA1255734, Adam Merrick, Listing Office: Adam Merrick Real Estate
New - 4 days on Rocket
$5,580 Closing Credit¹
#PA1255693, Alex Smith, Listing Office: Keller Williams Premier Realty
New - 7 days on Rocket
$3,502 Closing Credit¹
#PA1255662, Nathan Steinwedel, Listing Office: Re/Max Traders Unlimited
Backup offers3D tour
$1,661 Closing Credit¹
#PA1255607, Scott Rodgers, Listing Office: Re/Max Traders Unlimited
$1,128 Closing Credit¹
#PA1255528, Amy Harris, Listing Office: Re/Max Traders Unlimited
$3,621 Closing Credit¹
#PA1255447, Marc Wells, Listing Office: RE/MAX WRC Downtown
$2,018 Closing Credit¹
#PA1255431, Sarah Knickerbocker, Listing Office: Re/Max Traders Unlimited
$5,343 Closing Credit¹
#PA1255374, Adam Merrick, Listing Office: Adam Merrick Real Estate
$1,899 Closing Credit¹
#PA1255341, Marc Wells, Listing Office: RE/MAX WRC Downtown
#CA1033752, Seth Goodman, Listing Office: ME Realty
$3,561 Closing Credit¹
#PA1255201, Karen Grotts, Listing Office: Jim Maloof Realty, Inc.
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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: 2/1/2025, 7:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.