Is East Dundee, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East Dundee has remained a Seller's Market.
Housing Prices in East Dundee, IL
How much do homes in East Dundee, IL cost?
Median Sold Price
$250,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Dundee was $250,000 in May 2024, up 2% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52K | $57K | +9.6% |
2 Bedrooms | $212K | $98.9K | -53.3% |
3 Bedrooms | $269K | $306K | +13.8% |
4 Bedrooms | $325K | $302K | -7.1% |
5+ Bedrooms | $414.9K | $359.5K | -13.4% |
Summary: East Dundee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes decreased by 53.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
Dundee Township | $255.8K | $280.2K | +9.5% |
Carpentersville | $235K | $255K | +8.5% |
Barrington Hills | $940K | $995.9K | +5.9% |
Barrington Township | $654.1K | $676.7K | +3.5% |
East Dundee | $245K | $250K | +2.0% |
Housing Supply in East Dundee, IL
How many homes are available in East Dundee, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Summary: The East Dundee real estate market had 12 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The East Dundee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in East Dundee in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for East Dundee, IL
How long does it take to sell a home in East Dundee, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 8 Days | -77.9% |
Summary: Homes in East Dundee had an average of 8 days on market in May 2024, down by 77.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in East Dundee; 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.