Is East Moline, 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 Moline has remained a Seller's Market.
Key Takeaway
East Moline is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Moline, IL
How much do homes in East Moline, IL cost?
Median Sold Price
$136,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Moline have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in East Moline was $136,000 in March 2024, up 11.5% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.2K | $63.7K | +5.8% |
| 2 Bedrooms | $89.7K | $96.5K | +7.5% |
| 3 Bedrooms | $130K | $151.5K | +16.5% |
| 4 Bedrooms | $174K | $196.5K | +12.9% |
| 5+ Bedrooms | $355K | $210.5K | -40.7% |
Summary: East Moline housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 40.7%.
Median Sold Price Compared To Nearby Cities
| Silvis | $129K | $170K | +31.8% |
| Hampton Township | $125K | $155K | +24.0% |
| East Moline | $121.9K | $136K | +11.5% |
Housing Supply in East Moline, IL
How many homes are available in East Moline, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Summary: The East Moline real estate market had 56 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The East Moline housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 19 | +171.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Moline, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in East Moline in March 2024, up by 171.4% month-over-month. Of the 19 sold homes, 21% were sold under asking, 26% were sold at asking, and 53% were sold over asking.
Days on Market for East Moline, IL
How long does it take to sell a home in East Moline, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 18 Days | -12.6% |
Summary: Homes in East Moline had an average of 18 days on market in Mar 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Moline are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in East Moline; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.