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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dundee Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Dundee Township, IL

How much do homes in Dundee Township, IL cost?

Median Sold Price

$290,311

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$25,311(+9.6%)

Key Takeaway

Homes in Dundee Township have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Dundee Township was $290,311 in September 2024, up 9.6% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $132.7K$81K
-39.0%
2 $211.5K$239.9K
+13.5%
3 $250K$280K
+12.0%
4 $422.5K$449.5K
+6.4%
5+ $436K$552.5K
+26.7%

Summary: Dundee Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 26.7%.

Median Sold Price Compared To Nearby Cities

West Dundee
+24.8%
East Dundee
+11.1%
Sleepy Hollow
+10.5%
Dundee Township
+9.6%
Carpentersville
+8.8%

Housing Supply in Dundee Township, IL

How many homes are available in Dundee Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
158153-3.2%

Summary: The Dundee Township real estate market had 153 homes for sale in September 2024, a 3.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 35
+66.7%
2 3532
-8.6%
3 6156
-8.2%
4 4242
0.0%
5+ 1718
+5.9%

Summary: The Dundee Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
5839-32.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dundee Township, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Dundee Township in September 2024, down by 32.8% month-over-month. Of the 39 sold homes, 38% were sold under asking, 26% were sold at asking, and 36% were sold over asking.

Days on Market for Dundee Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days14 Days-4.2%

Summary: Homes in Dundee Township had an average of 14 days on market in Sep 2024, down by 4.2% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 39 homes were sold in Dundee Township; 92% of homes were sold within 30 days, 8% 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 30 Days Ago

Newest Listings in Dundee Township, IL

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