Is Earlville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Earlville is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Earlville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Earlville, IL

How much do homes in Earlville, IL cost?

Median Sold Price

$199,900

$119/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$69,100(-25.7%)

Key Takeaway

Homes in Earlville have sold for 25.7% less than they did a month ago.

Summary: The median home sold price in Earlville was $199,900 in November 2024, down 25.7% from last month, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$196.5K
N/A
3 --
N/A
4 $269K$199.9K
-25.7%
5+ --
N/A

Summary: Earlville housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 25.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Earlville
-25.7%
Earl Township
-31.6%

Housing Supply in Earlville, IL

How many homes are available in Earlville, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
810+25.0%

Summary: The Earlville real estate market had 10 homes for sale in November 2024, a 25.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 13
+200.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Earlville housing inventory by bedroom type for November 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 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Earlville, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Earlville in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Earlville, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
78 Days33 Days-57.1%

Summary: Homes in Earlville had an average of 33 days on market in Nov 2024, down by 57.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Earlville; 67% of homes were sold within 30 days, 33% 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 17 Days Ago

Newest Listings in Earlville, IL

Nearby Markets to Earlville, IL

What housing markets are near Earlville, IL?