Is East Eldorado Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Eldorado Township has remained a Seller's Market.
Key Takeaway
East Eldorado Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Eldorado Township, IL
How much do homes in East Eldorado Township, IL cost?
Median Sold Price
$76,200
$53/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Eldorado Township have sold for 21.9% more than they did a year ago.
Summary: The median home sold price in East Eldorado Township was $76,200 in March 2024, up 21.9% from last year, and the median price per square foot was $53.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $26K | $37K | +42.3% |
| 2 Bedrooms | $56.4K | $51K | -9.6% |
| 3 Bedrooms | $62.5K | $103K | +64.8% |
| 4 Bedrooms | $69K | $140K | +102.9% |
| 5+ Bedrooms | $115K | - | N/A |
Summary: East Eldorado Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.3%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 64.8%, 4 bedroom homes increased by 102.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Eldorado | $59.9K | $80K | +33.6% |
| East Eldorado Township | $62.5K | $76.2K | +21.9% |
Housing Supply in East Eldorado Township, IL
How many homes are available in East Eldorado Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The East Eldorado Township real estate market had 12 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Eldorado 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Eldorado Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in East Eldorado Township in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for East Eldorado Township, IL
How long does it take to sell a home in East Eldorado Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 82 Days | +687.3% |
Summary: Homes in East Eldorado Township had an average of 82 days on market in Mar 2024, up by 687.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Eldorado Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in East Eldorado Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.