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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Side is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, East Side was a Neutral Market.

Key Takeaway

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

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

+$37,000(+19.8%)

Key Takeaway

Homes in East Side have sold for 19.8% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $127.5K$199K
+56.1%
3 $198.3K$224K
+13.0%
4 $211.1K$241.4K
+14.4%
5+ $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
+19.8%
South Deering
-7.4%

Housing Supply in East Side, IL

How many homes are available in East Side, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2526+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1514
-6.7%
4 58
+60.0%
5+ 33
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 2024Apr 2024CHANGE
35+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Side, you may be able to get a good deal. 40% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
42 Days105 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

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