$582 Closing Credit*
$49,000
1,125 SqFt
3 Beds
•2 Full Baths
Justin Zurlinden, Listing Office: Landmark Realty Group CD
Is Elk Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Elk Township was a Seller's Market.
Key Takeaway
Elk Township 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 Elk Township, IL
How much do homes in Elk Township, IL cost?
Median Sold Price
$108,000
$42/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
+$14,250(+15.2%)
Key Takeaway
Homes in Elk Township have sold for 15.2% more than they did a month ago.
Summary: The median home sold price in Elk Township was $108,000 in September 2024, up 15.2% from last month, and the median price per square foot was $42.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $93.7K | - | N/A |
| 4 Bedrooms | - | $108K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Elk Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elk Township | $93.7K | $108K | +15.2% |
| Elkville | $166.4K | $108K | -35.1% |
Housing Supply in Elk Township, IL
How many homes are available in Elk Township, IL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Elk Township real estate market had 7 homes for sale in September 2024, a 12.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elk Township 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 decreased by 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elk Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Elk Township in September 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Elk Township, IL
How long does it take to sell a home in Elk Township, IL?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 Days | 114 Days | +330.2% |
Summary: Homes in Elk Township had an average of 114 days on market in Sep 2024, up by 330.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Elk Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During September 2024, 1 homes were sold in Elk Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.