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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elburn is a seller's market

Buyer's
Market

Difference Since December 2020

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

Key Takeaway

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

How much do homes in Elburn, IL cost?

Median Sold Price

$325,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$35,000(+12.1%)

Key Takeaway

Homes in Elburn have sold for 12.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $170.5K$194K
+13.8%
3 $267.7K$300K
+12.0%
4 $325K$351.5K
+8.2%
5+ $338.5K$369.9K
+9.3%

Median Sold Price Compared To Nearby Cities

Maple Park
+20.2%
Elburn
+12.1%
Blackberry Township
+11.1%
Campton Township
+11.0%

How many homes are available in Elburn, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
3941+5.1%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 55
0.0%
3 1611
-31.3%
4 1421
+50.0%
5+ 44
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
614+133.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elburn, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
22 Days14 Days-37.3%

Breakdown of Home Sale Times

12 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

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

About Elburn, IL

Homes for sale in Elburn, IL have reached 41. The inventory of homes for sale in Elburn, IL between November 2021 and December 2021 increased by 5.1%. While the average time on the market in December 2021 was 14 days, the median list price was $325,000. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 13.8%, 3 bedrooms properties prices increased by 12%, the cost of 4 bedrooms properties went up by 8.2%, prices of 5 bedrooms properties went up by 9.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went down by 31.3%, 4 bedrooms homes inventory increased by 50%, the quantity of 5 bedrooms homes have not changed. While more than 5 listings in Elburn, IL in December 2021 were sold above asking price, there were more than 4 listings sold at asking price, and more than 5 were sold below.

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