Is Eureka, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eureka is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Eureka has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Eureka, IL

How much do homes in Eureka, IL cost?

Median Sold Price

$175,000

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$35,245(+25.2%)

Key Takeaway

Homes in Eureka have sold for 25.2% more than they did a year ago.

Summary: The median home sold price in Eureka was $175,000 in March 2024, up 25.2% from last year, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$58K
N/A
2 $110K$128K
+16.4%
3 $136.7K$185K
+35.3%
4 $163.8K$199.9K
+22.0%
5+ $269.9K$229.5K
-15.0%

Summary: Eureka housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 22%, and 5+ bedroom homes decreased by 15%.

Median Sold Price Compared To Nearby Cities

Olio Township
+25.9%
Eureka
+25.2%

Housing Supply in Eureka, IL

How many homes are available in Eureka, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
550.0%

Summary: The Eureka real estate market had 5 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 11
0.0%
4 01
+100.0%
5+ 11
0.0%

Summary: The Eureka 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Eureka in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Eureka, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
16 Days4 Days-75.8%

Summary: Homes in Eureka had an average of 4 days on market in Mar 2024, down by 75.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 Eureka are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in Eureka; 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 24 Days Ago

Newest Listings in Eureka, IL

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