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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Paso Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in El Paso Township, IL

How much do homes in El Paso Township, IL cost?

Median Sold Price

$158,000

$88/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$750(-0.5%)

Key Takeaway

The sold price of homes in El Paso Township has remained the same since last year.

Summary: The median home sold price in El Paso Township was $158,000 in May 2024, down 0.5% from last year, and the median price per square foot was $88.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $35K$236K
+574.3%
2 $75K$128.5K
+71.3%
3 $166.8K$155K
-7.1%
4 $225K$206.5K
-8.2%
5+ $178K$156K
-12.4%

Summary: El Paso Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 574.3%, 2 bedroom homes increased by 71.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 12.4%.

Median Sold Price Compared To Nearby Cities

Hudson Township
+25.9%
El Paso
+4.0%
El Paso Township
-0.5%

Housing Supply in El Paso Township, IL

How many homes are available in El Paso Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
63-50.0%

Summary: The El Paso Township real estate market had 3 homes for sale in May 2024, a 50.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 42
-50.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The El Paso 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Paso Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in El Paso Township in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for El Paso Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
58 Days2 Days-96.6%

Summary: Homes in El Paso Township had an average of 2 days on market in May 2024, down by 96.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 El Paso Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in El Paso 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 El Paso Township, IL

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