Is Fondulac 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, Fondulac Township has remained a Seller's Market.
Housing Prices in Fondulac Township, IL
How much do homes in Fondulac Township, IL cost?
Median Sold Price
$171,350
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fondulac Township was $171,350 in May 2024, up 10.6% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61K | $32.5K | -46.7% |
2 Bedrooms | $98.2K | $88K | -10.4% |
3 Bedrooms | $167.5K | $178.4K | +6.5% |
4 Bedrooms | $210K | $220K | +4.8% |
5+ Bedrooms | $217.5K | $291K | +33.8% |
Summary: Fondulac Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.7%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 33.8%.
Median Sold Price Compared To Nearby Cities
Creve Coeur | $80K | $91.4K | +14.3% |
Fondulac Township | $154.9K | $171.3K | +10.6% |
East Peoria | $155K | $170K | +9.7% |
Groveland Township | $146.5K | $160K | +9.2% |
Peoria Heights | $109.9K | $115K | +4.6% |
Housing Supply in Fondulac Township, IL
How many homes are available in Fondulac Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 43 | +16.2% |
Summary: The Fondulac Township real estate market had 43 homes for sale in May 2024, a 16.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 21 | 26 | +23.8% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Fondulac 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 increased by 23.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Fondulac Township in May 2024, up by 27.3% month-over-month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for Fondulac Township, IL
How long does it take to sell a home in Fondulac Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 6 Days | +23.0% |
Summary: Homes in Fondulac Township had an average of 6 days on market in May 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Fondulac Township; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.