Is Fondulac Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fondulac Township has remained a Seller's Market.
Key Takeaway
Fondulac Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fondulac Township, IL
How much do homes in Fondulac Township, IL cost?
Median Sold Price
$162,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fondulac Township have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Fondulac Township was $162,000 in March 2024, up 4.5% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $32.5K | -48.4% |
| 2 Bedrooms | $100.5K | $79.9K | -20.5% |
| 3 Bedrooms | $166K | $179.9K | +8.4% |
| 4 Bedrooms | $212.4K | $210K | -1.2% |
| 5+ Bedrooms | $230K | $291K | +26.5% |
Summary: Fondulac Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.4%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 26.5%.
Median Sold Price Compared To Nearby Cities
| Creve Coeur | $73.9K | $92.5K | +25.1% |
| Peoria Heights | $99.5K | $120K | +20.6% |
| Groveland Township | $140K | $160K | +14.3% |
| East Peoria | $150K | $170K | +13.3% |
| Fondulac Township | $154.9K | $162K | +4.5% |
Housing Supply in Fondulac Township, IL
How many homes are available in Fondulac Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Summary: The Fondulac Township real estate market had 33 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fondulac Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fondulac Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Fondulac Township in March 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Fondulac Township, IL
How long does it take to sell a home in Fondulac Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 15 Days | -58.7% |
Summary: Homes in Fondulac Township had an average of 15 days on market in Mar 2024, down by 58.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fondulac Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Fondulac Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.