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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Lincoln Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in East Lincoln Township, IL

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

Median Sold Price

$125,000

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,750(+25.9%)

Key Takeaway

Homes in East Lincoln Township have sold for 25.9% more than they did a year ago.

Summary: The median home sold price in East Lincoln Township was $125,000 in November 2024, up 25.9% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $21.5K$58K
+169.8%
2 $76K$96.8K
+27.5%
3 $110K$134K
+21.8%
4 $150K$155K
+3.3%
5+ $165K$181K
+9.7%

Summary: East Lincoln Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 169.8%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Cities

East Lincoln Township
+25.9%
Lincoln
+22.6%
West Lincoln Township
+9.8%
Chester Township
+3.7%

Housing Supply in East Lincoln Township, IL

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4334-20.9%

Summary: The East Lincoln Township real estate market had 34 homes for sale in November 2024, a 20.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1112
+9.1%
3 2114
-33.3%
4 86
-25.0%
5+ 32
-33.3%

Summary: The East Lincoln Township 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 increased by 9.1%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1215+25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 15 homes were sold or pending in East Lincoln Township in November 2024, up by 25.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for East Lincoln Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days20 Days+24.8%

Summary: Homes in East Lincoln Township had an average of 20 days on market in Nov 2024, up by 24.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 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 Lincoln Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in East Lincoln Township; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% 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 21 Days Ago

Newest Listings in East Lincoln Township, IL

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What housing markets are near East Lincoln Township, IL?