Is Earlville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Earlville is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Earlville was a Seller's Market.

Key Takeaway

Earlville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Earlville, IL

How much do homes in Earlville, IL cost?

Median Sold Price

$180,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,100(+12.6%)

Key Takeaway

Homes in Earlville have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in Earlville was $180,000 in March 2024, up 12.6% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $197.5K$112.5K
-43.0%
3 $131K$194.5K
+48.5%
4 $181.2K$170K
-6.2%
5+ $214.9K$237K
+10.3%

Summary: Earlville 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 48.5%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Cities

Earlville
+12.6%
Earl Township
+2.3%

Housing Supply in Earlville, IL

How many homes are available in Earlville, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
812+50.0%

Summary: The Earlville real estate market had 12 homes for sale in March 2024, a 50.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 56
+20.0%
4 14
+300.0%
5+ 11
0.0%

Summary: The Earlville 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 increased by 20%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Earlville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Earlville in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Earlville, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
23 Days21 Days-6.5%

Summary: Homes in Earlville had an average of 21 days on market in Mar 2024, down by 6.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Earlville; 50% of homes were sold within 30 days, 50% 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 24 Days Ago

Newest Listings in Earlville, IL

Nearby Markets to Earlville, IL

What housing markets are near Earlville, IL?