Is Elburn, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Elburn has remained a Seller's Market.
Housing Prices in Elburn, IL
How much do homes in Elburn, IL cost?
Median Sold Price
$410,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Elburn was $410,000 in March 2024, up 5.1% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $219.9K | +83.3% |
2 Bedrooms | $212K | $255K | +20.3% |
3 Bedrooms | $362.5K | $380.9K | +5.1% |
4 Bedrooms | $435K | $459.9K | +5.7% |
5+ Bedrooms | $452.1K | $515K | +13.9% |
Summary: Elburn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
Maple Park | $272.5K | $388K | +42.4% |
Campton Township | $500K | $547.2K | +9.4% |
Blackberry Township | $438.2K | $462K | +5.4% |
Elburn | $390K | $410K | +5.1% |
Housing Supply in Elburn, IL
How many homes are available in Elburn, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 80 | +12.7% |
Summary: The Elburn real estate market had 80 homes for sale in March 2024, a 12.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 34 | 37 | +8.8% |
4 Bedrooms | 28 | 30 | +7.1% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Elburn 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 increased by 33.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 21 | +110.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Elburn in March 2024, up by 110.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% were sold over asking.
Days on Market for Elburn, IL
How long does it take to sell a home in Elburn, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 48 Days | +41.2% |
Summary: Homes in Elburn had an average of 48 days on market in Mar 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Elburn; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.