Is Elburn, 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, Elburn has remained a Seller's Market.
Housing Prices in Elburn, IL
How much do homes in Elburn, IL cost?
Median Sold Price
$421,175
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elburn was $421,175 in May 2024, up 8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $219.9K | +83.3% |
2 Bedrooms | $207.5K | $255K | +22.9% |
3 Bedrooms | $365K | $387K | +6.0% |
4 Bedrooms | $435K | $459.9K | +5.7% |
5+ Bedrooms | $474.3K | $510K | +7.5% |
Summary: Elburn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
Maple Park | $269.2K | $394.9K | +46.7% |
Campton Township | $500K | $552.7K | +10.5% |
Elburn | $390K | $421.1K | +8.0% |
Blackberry Township | $430K | $463.5K | +7.8% |
Housing Supply in Elburn, IL
How many homes are available in Elburn, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 65 | -15.6% |
Summary: The Elburn real estate market had 65 homes for sale in May 2024, a 15.6% decrease 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 | 1 | 0 | -100.0% |
3 Bedrooms | 37 | 23 | -37.8% |
4 Bedrooms | 31 | 35 | +12.9% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Elburn 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 decreased by 100%, 3 bedroom homes decreased by 37.8%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 20 | -39.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Elburn in May 2024, down by 39.4% month-over-month. Of the 20 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 30 Days | +116.4% |
Summary: Homes in Elburn had an average of 30 days on market in May 2024, up by 116.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Elburn; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.