Is Eldorado, 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, Eldorado has remained a Seller's Market.
Key Takeaway
Eldorado is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eldorado, IL
How much do homes in Eldorado, IL cost?
Median Sold Price
$80,000
$61/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Eldorado have sold for 33.6% more than they did a year ago.
Summary: The median home sold price in Eldorado was $80,000 in March 2024, up 33.6% from last year, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $26K | $37K | +42.3% |
| 2 Bedrooms | $54.6K | $51K | -6.7% |
| 3 Bedrooms | $61.2K | $108.5K | +77.3% |
| 4 Bedrooms | $65K | $142.5K | +119.2% |
| 5+ Bedrooms | $115K | $210K | +82.6% |
Summary: Eldorado housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 77.3%, 4 bedroom homes increased by 119.2%, and 5+ bedroom homes increased by 82.6%.
Median Sold Price Compared To Nearby Cities
| Eldorado | $59.9K | $80K | +33.6% |
| East Eldorado Township | $62.5K | $76.2K | +21.9% |
Housing Supply in Eldorado, IL
How many homes are available in Eldorado, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Eldorado real estate market had 13 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Eldorado 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eldorado, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Eldorado in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Eldorado, IL
How long does it take to sell a home in Eldorado, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 92 Days | +777.6% |
Summary: Homes in Eldorado had an average of 92 days on market in Mar 2024, up by 777.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Eldorado are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 7 homes were sold in Eldorado; 43% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.