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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edwards is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Edwards was a Seller's Market.

Key Takeaway

Edwards is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Edwards, IL

How much do homes in Edwards, IL cost?

Median Sold Price

$366,450

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$3,550(-1.0%)

Key Takeaway

Homes in Edwards have sold for 1% less than they did a year ago.

Summary: The median home sold price in Edwards was $366,450 in September 2024, down 1% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $158.7K$231K
+45.5%
3 $315K$309.5K
-1.7%
4 $322.5K$327.7K
+1.6%
5+ $435K$415K
-4.6%

Summary: Edwards housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Cities

Radnor Township
+12.6%
Peoria
+3.3%
Edwards
-1.0%
Kickapoo Township
-11.2%

Housing Supply in Edwards, IL

How many homes are available in Edwards, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1413-7.1%

Summary: The Edwards real estate market had 13 homes for sale in September 2024, a 7.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 64
-33.3%
5+ 66
0.0%

Summary: The Edwards housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
62-66.7%

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 September 2024, down by 66.7% month-over-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

Sep 2023Sep 2024CHANGE
30 Days42 Days+40.0%

Summary: Homes in Edwards had an average of 42 days on market in Sep 2024, up by 40% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Edwards has remained consistent over time.

Summary: During September 2024, 2 homes were sold in Edwards; 0% of homes were sold within 30 days, 100% 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 30 Days Ago

Newest Listings in Edwards, IL

Nearby Markets to Edwards, IL

What housing markets are near Edwards, IL?