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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Eldorado Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in East Eldorado Township, IL

How much do homes in East Eldorado Township, IL cost?

Median Sold Price

$79,500

$62/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,250(+18.2%)

Key Takeaway

Homes in East Eldorado Township have sold for 18.2% more than they did a year ago.

Summary: The median home sold price in East Eldorado Township was $79,500 in October 2024, up 18.2% from last year, and the median price per square foot was $62.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $42.5K$37K
-12.9%
2 $69.9K$50K
-28.5%
3 $76K$115.5K
+52.0%
4 $65K$140K
+115.4%
5+ -$200K
N/A

Summary: East Eldorado Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes decreased by 28.5%, 3 bedroom homes increased by 52%, 4 bedroom homes increased by 115.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Eldorado
+38.4%
East Eldorado Township
+18.2%

Housing Supply in East Eldorado Township, IL

How many homes are available in East Eldorado Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1514-6.7%

Summary: The East Eldorado Township real estate market had 14 homes for sale in October 2024, a 6.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 65
-16.7%
4 22
0.0%
5+ 20
-100.0%

Summary: The East Eldorado Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

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 Eldorado Township, 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 Eldorado Township in October 2024, the same as the previous 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 Eldorado Township, IL

How long does it take to sell a home in East Eldorado Township, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
94 Days69 Days-26.8%

Summary: Homes in East Eldorado Township had an average of 69 days on market in Oct 2024, down by 26.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in East Eldorado Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 22 Days Ago

Newest Listings in East Eldorado Township, IL

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