Is El Paso, 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, El Paso has remained a Seller's Market.
Housing Prices in El Paso, IL
How much do homes in El Paso, IL cost?
Median Sold Price
$150,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in El Paso was $150,000 in April 2024, down 2% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123.9K | - | N/A |
2 Bedrooms | $70K | $126.7K | +81.1% |
3 Bedrooms | $162.9K | $152K | -6.7% |
4 Bedrooms | $176K | $171.5K | -2.6% |
5+ Bedrooms | $140.5K | $156K | +11.0% |
Summary: El Paso housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 81.1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
El Paso | $153K | $150K | -2.0% |
El Paso Township | $162.9K | $154K | -5.5% |
Housing Supply in El Paso, IL
How many homes are available in El Paso, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Summary: The El Paso real estate market had 6 homes for sale in April 2024, a 14.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The El Paso housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in El Paso in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for El Paso, IL
How long does it take to sell a home in El Paso, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
1 Day | 33 Days | +3200.0% |
Summary: Homes in El Paso had an average of 33 days on market in Apr 2024, up by 3200% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in El Paso; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.