Is El Paso Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Paso Township is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, El Paso Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in El Paso Township, IL cost?

Median Sold Price

$148,500

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$7,000(+4.9%)

Key Takeaway

Homes in El Paso Township have sold for 4.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $65K$212.9K
+227.5%
2 $135K$97.9K
-27.5%
3 $129.5K$153.5K
+18.5%
4 $237K$170K
-28.3%
5+ $161K$178K
+10.6%

Median Sold Price Compared To Nearby Cities

El Paso Township
+4.9%
El Paso
+2.5%

How many homes are available in El Paso Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
12120.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 22
0.0%
3 55
0.0%
4 33
0.0%
5+ 22
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
23+50.0%

Asking Price vs. Sold Price

3 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 El Paso Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days45 Days+102.2%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About El Paso Township, IL

El Paso Township, IL has 12 homes for sale to choose from. While the average time on the market in November 2022 was 45 days, the median list price was $148,500. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 227.5%, 2 bedrooms properties became 27.5% more cheaper, prices of 3 bedrooms properties went up by 18.5%, 4 bedrooms properties became 28.3% more cheaper, prices of 5 bedrooms properties increased by 10.6%. This housing market inventory have changed: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, 3 bedrooms homes did not move, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes stayed the same. Over 0 listings were sold over their listed price in November 2022 in El Paso Township, IL. In the same period over 3 listings were sold below the listed price and 0 listings were sold for the listed price.