Is East Lincoln 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 Lincoln Township has remained a Seller's Market.
Housing Prices in East Lincoln Township, IL
How much do homes in East Lincoln Township, IL cost?
Median Sold Price
$110,575
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Lincoln Township was $110,575 in March 2024, up 2.9% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $58K | +65.7% |
2 Bedrooms | $70.5K | $75K | +6.3% |
3 Bedrooms | $128.9K | $119.9K | -7.0% |
4 Bedrooms | $146K | $150K | +2.7% |
5+ Bedrooms | $173.5K | $165K | -4.9% |
Summary: East Lincoln Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 4.9%.
Median Sold Price Compared To Nearby Cities
Lincoln | $99.9K | $110K | +10.1% |
Chester Township | $127K | $132.5K | +4.3% |
East Lincoln Township | $107.5K | $110.5K | +2.9% |
West Lincoln Township | $115K | $100K | -13.0% |
Housing Supply in East Lincoln Township, IL
How many homes are available in East Lincoln Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 25 | 0.0% |
Summary: The East Lincoln Township real estate market had 25 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 14 | 11 | -21.4% |
4 Bedrooms | 0 | 3 | +100.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The East Lincoln 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 12.5%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in East Lincoln Township in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 71% were sold at asking, and 14% were sold over asking.
Days on Market for East Lincoln Township, IL
How long does it take to sell a home in East Lincoln Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 1 Days | -93.4% |
Summary: Homes in East Lincoln Township had an average of 1 days on market in Mar 2024, down by 93.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in East Lincoln 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.