Is East Dundee, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Dundee is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, East Dundee has remained a Seller's Market.

Key Takeaway

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

Housing Prices in East Dundee, IL

How much do homes in East Dundee, IL cost?

Median Sold Price

$275,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+12.2%)

Key Takeaway

Homes in East Dundee have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in East Dundee was $275,000 in November 2024, up 12.2% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55.5K$60K
+8.1%
2 $205.7K$229K
+11.3%
3 $274.5K$288K
+4.9%
4 $317K$339.7K
+7.2%
5+ $381.9K$370K
-3.1%

Summary: East Dundee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 3.1%.

Median Sold Price Compared To Nearby Cities

Barrington Hills
+22.5%
East Dundee
+12.2%
Dundee Township
+10.6%
Carpentersville
+6.8%
Barrington Township
+4.5%

Housing Supply in East Dundee, IL

How many homes are available in East Dundee, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1714-17.6%

Summary: The East Dundee real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 77
0.0%
3 33
0.0%
4 32
-33.3%
5+ 22
0.0%

Summary: The East Dundee housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Dundee, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in East Dundee in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
7 Days43 Days+455.6%

Summary: Homes in East Dundee had an average of 43 days on market in Nov 2024, up by 455.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in East Dundee has remained consistent over time.

Summary: During November 2024, 3 homes were sold in East Dundee; 33% of homes were sold within 30 days, 67% 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 2 Days Ago

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