Is Erin Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Erin Hills is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Erin Hills has remained a Seller's Market.

Key Takeaway

Erin Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Erin Hills, IL

How much do homes in Erin Hills, IL cost?

Median Sold Price

$626,000

$141/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$85,069(-12.0%)

Key Takeaway

Homes in Erin Hills have sold for 12% less than they did a month ago.

Summary: The median home sold price in Erin Hills was $626,000 in April 2024, down 12% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $711K$626K
-12.0%
5+ --
N/A

Summary: Erin Hills housing prices by bedroom type for April 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 decreased by 12%, and 5+ bedroom homes did not change.

Housing Supply in Erin Hills, IL

How many homes are available in Erin Hills, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
43-25.0%

Summary: The Erin Hills real estate market had 3 homes for sale in April 2024, a 25.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 31
-66.7%
5+ 12
+100.0%

Summary: The Erin Hills housing inventory by bedroom type for April 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 decreased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Erin Hills, 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 Erin Hills in April 2024, the same as the previous 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 Erin Hills, IL

How long does it take to sell a home in Erin Hills, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
2 Days12 Days+500.0%

Summary: Homes in Erin Hills had an average of 12 days on market in Apr 2024, up by 500% 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 Erin Hills are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Erin Hills; 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 5 Days Ago

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