Is Elwood Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elwood Township has remained a Seller's Market.
Housing Prices in Elwood Township, IL
How much do homes in Elwood Township, IL cost?
Median Sold Price
$407,500
$151/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Elwood Township was $407,500 in March 2024, up 30% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $273K | $172K | -37.0% |
3 Bedrooms | $346.1K | $405K | +17.0% |
4 Bedrooms | - | $452.5K | N/A |
5+ Bedrooms | $429K | - | N/A |
Summary: Elwood Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37%, 3 bedroom homes increased by 17%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Elwood Township, IL
How many homes are available in Elwood Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Summary: The Elwood Township real estate market had 16 homes for sale in March 2024, a 6.7% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Elwood Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Elwood Township in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Elwood Township, IL
How long does it take to sell a home in Elwood Township, IL?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 64 Days | -16.3% |
Summary: Homes in Elwood Township had an average of 64 days on market in Mar 2024, down by 16.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Elwood Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.