$4,334 Closing Credit*
$365,000
3,605 SqFt
4 Beds
•2 Full Baths, 2 Partial
Stacey Candler, Listing Office: Sunflower Real Estate Group, L
Is Dunlap, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Dunlap has remained a Seller's Market.
Key Takeaway
Dunlap is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dunlap, IL
How much do homes in Dunlap, IL cost?
Median Sold Price
$370,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$20,100(+5.7%)
Key Takeaway
Homes in Dunlap have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Dunlap was $370,000 in August 2024, up 5.7% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $143.5K | $160K | +11.5% |
| 3 Bedrooms | $242.9K | $300K | +23.5% |
| 4 Bedrooms | $325K | $365K | +12.3% |
| 5+ Bedrooms | $485K | $453.5K | -6.5% |
Summary: Dunlap housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Radnor Township | $352.4K | $399.5K | +13.4% |
| Dunlap | $349.9K | $370K | +5.7% |
Housing Supply in Dunlap, IL
How many homes are available in Dunlap, IL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 51 | 47 | -7.8% |
Summary: The Dunlap real estate market had 47 homes for sale in August 2024, a 7.8% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Dunlap housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dunlap, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Dunlap in August 2024, the same as the previous month. Of the 15 sold homes, 40% were sold under asking, 7% were sold at asking, and 53% were sold over asking.
Days on Market for Dunlap, IL
How long does it take to sell a home in Dunlap, IL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 23 Days | 24 Days | +6.8% |
Summary: Homes in Dunlap had an average of 24 days on market in Aug 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dunlap are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 15 homes were sold in Dunlap; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.