Is East Lincoln Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Lincoln Township has remained a Seller's Market.
Housing Prices in East Lincoln Township, IL
How much do homes in East Lincoln Township, IL cost?
Median Sold Price
$110,000
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Lincoln Township was $110,000 in April 2024, up 2.1% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $44K | +25.7% |
2 Bedrooms | $70.5K | $75K | +6.4% |
3 Bedrooms | $128.9K | $123K | -4.6% |
4 Bedrooms | $138.5K | $150K | +8.3% |
5+ Bedrooms | $175K | $155K | -11.4% |
Summary: East Lincoln Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
Lincoln | $100K | $108.2K | +8.3% |
East Lincoln Township | $107.7K | $110K | +2.1% |
West Lincoln Township | $115K | $101K | -12.2% |
Housing Supply in East Lincoln Township, IL
How many homes are available in East Lincoln Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 25 | +8.7% |
Summary: The East Lincoln Township real estate market had 25 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 11 | 8 | -27.3% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The East Lincoln Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in East Lincoln Township in April 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for East Lincoln Township, IL
How long does it take to sell a home in East Lincoln Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 23 Days | -39.9% |
Summary: Homes in East Lincoln Township had an average of 23 days on market in Apr 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in East Lincoln Township; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.