Is Erienna Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Erienna Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Erienna Township was a Seller's Market.

Key Takeaway

Erienna Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Erienna Township, IL

How much do homes in Erienna Township, IL cost?

Median Sold Price

$565,000

$169/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$120,000(+27.0%)

Key Takeaway

Homes in Erienna Township have sold for 27% more than they did a month ago.

Summary: The median home sold price in Erienna Township was $565,000 in March 2024, up 27% from last month, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $445K-
N/A
4 -$565K
N/A
5+ --
N/A

Summary: Erienna 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Erienna Township, IL

How many homes are available in Erienna Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
48+100.0%

Summary: The Erienna Township real estate market had 8 homes for sale in March 2024, a 100.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 36
+100.0%
5+ 00
0.0%

Summary: The Erienna 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 increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Erienna Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Erienna Township in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Erienna Township, IL

How long does it take to sell a home in Erienna Township, IL?

Average Sale Time

Feb 2024Mar 2024CHANGE
59 Days3 Days-94.9%

Summary: Homes in Erienna Township had an average of 3 days on market in Mar 2024, down by 94.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 1 homes were sold in Erienna Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Erienna Township, IL

Nearby Markets to Erienna Township, IL

What housing markets are near Erienna Township, IL?