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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Lincoln Township is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in East Lincoln Township, IL cost?

Median Sold Price

$115,000

$81/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$20,000(+21.1%)

Key Takeaway

Homes in East Lincoln Township have sold for 21.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $40.5K$49.9K
+23.2%
2 $70K$70.5K
+0.8%
3 $116.7K$132K
+13.1%
4 $159K$153K
-3.8%
5+ $198.2K$173.5K
-12.5%

Median Sold Price Compared To Nearby Cities

Lincoln
+21.2%
East Lincoln Township
+21.1%
West Lincoln Township
+12.3%

How many homes are available in East Lincoln Township, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
38380.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 913
+44.4%
3 2215
-31.8%
4 37
+133.3%
5+ 43
-25.0%

Number of Homes Sold

Aug 2022Sep 2022%
1014+40.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Lincoln Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
24 Days26 Days+8.2%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About East Lincoln Township, IL

East Lincoln Township, IL has 38 homes for sale to choose from. In September 2022 median list price was $115,000 and the average listing age was 26 days. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 23.2%, the cost of 2 bedrooms properties went up by 0.8%, prices of 3 bedrooms properties went up by 13.1%, 4 bedrooms properties became 3.8% more cheaper, 5 bedrooms properties became 12.5% more cheaper. Volume of homes for sale changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went up by 44.4%, volume of 3 bedrooms homes went down by 31.8%, volume of 4 bedrooms homes went up by 133.3%, volume of 5 bedrooms homes went down by 25%. While more than 5 listings in East Lincoln Township, IL in September 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 6 were sold below.