Is 212 East, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 212 East is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 212 East has remained a Seller's Market.

Key Takeaway

212 East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 212 East, IL

How much do homes in 212 East, IL cost?

Median Sold Price

$292,000

$298/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$70,500(-19.4%)

Key Takeaway

Homes in 212 East have sold for 19.4% less than they did a year ago.

Summary: The median home sold price in 212 East was $292,000 in April 2024, down 19.4% from last year, and the median price per square foot was $298.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $231K$245K
+6.1%
2 $392.5K$410K
+4.5%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: 212 East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 4.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Central
+4.9%
Near South Side
+2.5%
212 East
-19.4%

Housing Supply in 212 East, IL

How many homes are available in 212 East, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
550.0%

Summary: The 212 East real estate market had 5 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 44
0.0%
2 11
0.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 212 East 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 212 East, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 212 East in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 212 East, IL

How long does it take to sell a home in 212 East, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
291 Days46 Days-84.2%

Summary: Homes in 212 East had an average of 46 days on market in Apr 2024, down by 84.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 212 East are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in 212 East; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 3 Days Ago

Newest Listings in 212 East, IL

Nearby Markets to 212 East, IL