Is Edwards, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edwards is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Edwards has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Edwards, IL

How much do homes in Edwards, IL cost?

Median Sold Price

$369,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$13,500(-3.5%)

Key Takeaway

Homes in Edwards have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Edwards was $369,000 in March 2024, down 3.5% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $158.7K-
N/A
3 $337.5K$315K
-6.7%
4 $365K$322.5K
-11.6%
5+ $415K$425K
+2.4%

Summary: Edwards housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Cities

Kickapoo Township
+3.1%
Peoria
+0.6%
Radnor Township
-0.1%
Edwards
-3.5%

Housing Supply in Edwards, IL

How many homes are available in Edwards, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1110-9.1%

Summary: The Edwards real estate market had 10 homes for sale in March 2024, a 9.1% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 55
0.0%
5+ 43
-25.0%

Summary: The Edwards 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edwards, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Edwards in March 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Edwards, IL

How long does it take to sell a home in Edwards, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
66 Days14 Days-79.0%

Summary: Homes in Edwards had an average of 14 days on market in Mar 2024, down by 79% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Edwards; 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.

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

Report Updated 26 Days Ago

Newest Listings in Edwards, IL

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