Is Elburn, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Elburn has remained a Seller's Market.
Housing Prices in Elburn, IL
How much do homes in Elburn, IL cost?
Median Sold Price
$410,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elburn was $410,000 in April 2024, up 5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $219.9K | +83.3% |
2 Bedrooms | $212K | $250K | +17.9% |
3 Bedrooms | $362.5K | $387K | +6.8% |
4 Bedrooms | $437.5K | $457K | +4.5% |
5+ Bedrooms | $474.3K | $507.5K | +7.0% |
Summary: Elburn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
Maple Park | $268K | $399.9K | +49.2% |
Campton Township | $497.5K | $551.8K | +10.9% |
Elburn | $390.5K | $410K | +5.0% |
Blackberry Township | $438.2K | $460K | +5.0% |
Housing Supply in Elburn, IL
How many homes are available in Elburn, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 78 | -6.0% |
Summary: The Elburn real estate market had 78 homes for sale in April 2024, a 6.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 1 | -75.0% |
3 Bedrooms | 40 | 38 | -5.0% |
4 Bedrooms | 30 | 29 | -3.3% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Elburn 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 decreased by 75%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 31 | +63.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Elburn in April 2024, up by 63.2% month-over-month. Of the 31 sold homes, 52% were sold under asking, 26% were sold at asking, and 23% were sold over asking.
Days on Market for Elburn, IL
How long does it take to sell a home in Elburn, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 42 Days | +55.7% |
Summary: Homes in Elburn had an average of 42 days on market in Apr 2024, up by 55.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Elburn; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.