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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fondulac Township is a seller's market

Buyer's
Market

Difference Since September 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

$175,000

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$23,750(+15.7%)

Key Takeaway

Homes in Fondulac Township have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Fondulac Township was $175,000 in September 2024, up 15.7% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $35K$37.7K
+7.9%
2 $79.9K$106K
+32.6%
3 $176.2K$177.9K
+0.9%
4 $203.4K$230K
+13.0%
5+ $269.9K$345.5K
+28.0%

Summary: Fondulac Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 32.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 28%.

Median Sold Price Compared To Nearby Cities

Fondulac Township
+15.7%
Creve Coeur
+10.4%
Groveland Township
+6.7%
East Peoria
+5.4%
Peoria Heights
-0.4%

Housing Supply in Fondulac Township, IL

How many homes are available in Fondulac Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
48480.0%

Summary: The Fondulac Township real estate market had 48 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 87
-12.5%
3 2525
0.0%
4 812
+50.0%
5+ 63
-50.0%

Summary: The Fondulac Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1511-26.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fondulac Township, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Fondulac Township in September 2024, down by 26.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% 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

Sep 2023Sep 2024CHANGE
24 Days32 Days+32.0%

Summary: Homes in Fondulac Township had an average of 32 days on market in Sep 2024, up by 32% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 11 homes were sold in Fondulac Township; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% 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 Sep 1, 2024

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