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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Fork Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, East Fork Township was a Seller's Market.

Key Takeaway

East Fork Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Fork Township, IL

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

Median Sold Price

$150,000

$70/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$100,000(-40.0%)

Key Takeaway

Homes in East Fork Township have sold for 40% less than they did a month ago.

Summary: The median home sold price in East Fork Township was $150,000 in October 2024, down 40% from last month, and the median price per square foot was $70.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $125K$150K
+20.0%
4 $375K-
N/A
5+ --
N/A

Summary: East Fork Township housing prices by bedroom type for October 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 increased by 20%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in East Fork Township, IL

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98-11.1%

Summary: The East Fork Township real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 65
-16.7%
4 10
-100.0%
5+ 00
0.0%

Summary: The East Fork 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 decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Fork Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in East Fork Township in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for East Fork Township, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
87 Days37 Days-57.5%

Summary: Homes in East Fork Township had an average of 37 days on market in Oct 2024, down by 57.5% compared to last month.

Breakdown of Home Sale Times

0 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

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

Summary: During October 2024, 1 homes were sold in East Fork Township; 0% of homes were sold within 30 days, 100% 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 4 Days Ago

Newest Listings in East Fork Township, IL

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