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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Dundee is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

East Dundee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Dundee, IL

How much do homes in East Dundee, IL cost?

Median Sold Price

$275,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$27,500(+11.1%)

Key Takeaway

Homes in East Dundee have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in East Dundee was $275,000 in September 2024, up 11.1% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $56K$57K
+1.8%
2 $211.5K$200K
-5.4%
3 $263K$308.5K
+17.3%
4 $322.5K$329.5K
+2.2%
5+ $381.9K$370K
-3.1%

Summary: East Dundee housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 3.1%.

Median Sold Price Compared To Nearby Cities

Barrington Hills
+25.7%
East Dundee
+11.1%
Dundee Township
+9.6%
Carpentersville
+8.8%
Barrington Township
+5.3%

Housing Supply in East Dundee, IL

How many homes are available in East Dundee, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1316+23.1%

Summary: The East Dundee real estate market had 16 homes for sale in September 2024, a 23.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 23
+50.0%
2 36
+100.0%
3 43
-25.0%
4 22
0.0%
5+ 22
0.0%

Summary: The East Dundee housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
42-50.0%

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 East Dundee, 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 East Dundee in September 2024, down by 50.0% month-over-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 East Dundee, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
27 Days31 Days+12.0%

Summary: Homes in East Dundee had an average of 31 days on market in Sep 2024, up by 12% 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 East Dundee are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 2 homes were sold in East Dundee; 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 30 Days Ago

Newest Listings in East Dundee, IL

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