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 seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in East Dundee, IL

How much do homes in East Dundee, IL cost?

Median Sold Price

$255,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,000(+8.5%)

Key Takeaway

Homes in East Dundee have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in East Dundee was $255,000 in March 2024, up 8.5% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $51.5K$57K
+10.7%
2 $211.7K$195K
-7.9%
3 $269K$285K
+5.9%
4 $325K$350K
+7.7%
5+ $210K$370K
+76.2%

Summary: East Dundee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 76.2%.

Median Sold Price Compared To Nearby Cities

Carpentersville
+8.9%
Dundee Township
+8.7%
East Dundee
+8.5%
Barrington Township
-3.2%
Barrington Hills
-12.8%

Housing Supply in East Dundee, IL

How many homes are available in East Dundee, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
710+42.9%

Summary: The East Dundee real estate market had 10 homes for sale in March 2024, a 42.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 22
0.0%
4 22
0.0%
5+ 11
0.0%

Summary: The East Dundee 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 increased by 150%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Dundee, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in East Dundee in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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

Mar 2023Mar 2024CHANGE
20 Days4 Days-77.7%

Summary: Homes in East Dundee had an average of 4 days on market in Mar 2024, down by 77.7% 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 East Dundee are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in East Dundee; 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 25 Days Ago

Newest Listings in East Dundee, IL

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