Is East Side, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, East Side was a Neutral Market.
Housing Prices in East Side, IL
How much do homes in East Side, IL cost?
Median Sold Price
$224,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Side was $224,000 in April 2024, up 19.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $127.5K | $199K | +56.1% |
3 Bedrooms | $198.3K | $224K | +13.0% |
4 Bedrooms | $211.1K | $241.4K | +14.4% |
5+ Bedrooms | $116K | $247K | +112.9% |
Summary: East Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.1%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 112.9%.
Median Sold Price Compared To Nearby Neighborhoods
East Side | $187K | $224K | +19.8% |
South Deering | $117K | $108.3K | -7.4% |
Housing Supply in East Side, IL
How many homes are available in East Side, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Summary: The East Side real estate market had 26 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The East Side housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in East Side in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for East Side, IL
How long does it take to sell a home in East Side, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 105 Days | +147.0% |
Summary: Homes in East Side had an average of 105 days on market in Apr 2024, up by 147% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in East Side; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.