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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Earl Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Earl Township, IL

How much do homes in Earl Township, IL cost?

Median Sold Price

$170,000

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$3,750(+2.3%)

Key Takeaway

Homes in Earl Township have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Earl Township was $170,000 in March 2024, up 2.3% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $197.5K$112.5K
-43.0%
3 $138.5K$194.5K
+40.4%
4 $190K$153K
-19.5%
5+ $280K$237K
-15.4%

Summary: Earl Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 43%, 3 bedroom homes increased by 40.4%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 15.4%.

Median Sold Price Compared To Nearby Cities

Adams Township
+35.8%
Earlville
+12.6%
Earl Township
+2.3%

Housing Supply in Earl Township, IL

How many homes are available in Earl Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
68+33.3%

Summary: The Earl Township real estate market had 8 homes for sale in March 2024, a 33.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 13
+200.0%
5+ 00
0.0%

Summary: The Earl Township housing inventory by bedroom type for March 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 increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Earl Township in March 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Earl Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
78 Days12 Days-84.1%

Summary: Homes in Earl Township had an average of 12 days on market in Mar 2024, down by 84.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 Earl Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in Earl 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 19 Days Ago

Newest Listings in Earl Township, IL

Nearby Markets to Earl Township, IL