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 October 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

$121,975

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,975(+28.4%)

Key Takeaway

Homes in East Lincoln Township have sold for 28.4% more than they did a year ago.

Summary: The median home sold price in East Lincoln Township was $121,975 in October 2024, up 28.4% from last year, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $28.2K$58K
+105.3%
2 $76K$95K
+25.0%
3 $110K$131K
+19.1%
4 $150K$154.2K
+2.8%
5+ $165K$212K
+28.5%

Summary: East Lincoln Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 105.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 28.5%.

Median Sold Price Compared To Nearby Cities

East Lincoln Township
+28.4%
Lincoln
+20.5%
West Lincoln Township
+7.9%
Chester Township
+1.2%

Housing Supply in East Lincoln Township, IL

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3741+10.8%

Summary: The East Lincoln Township real estate market had 41 homes for sale in October 2024, a 10.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 711
+57.1%
3 2020
0.0%
4 78
+14.3%
5+ 32
-33.3%

Summary: The East Lincoln 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 57.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Lincoln Township, expect to pay close to the asking price. 63.6% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in East Lincoln Township in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 9% were sold under asking, 64% were sold at asking, and 27% 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

Oct 2023Oct 2024CHANGE
11 Days11 Days+0.5%

Summary: Homes in East Lincoln Township had an average of 11 days on market in Oct 2024, up by 0.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were 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

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

Summary: During October 2024, 11 homes were sold in East Lincoln Township; 82% of homes were sold within 30 days, 18% 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 20 Days Ago

Newest Listings in East Lincoln Township, IL

Nearby Markets to East Lincoln Township, IL

What housing markets are near East Lincoln Township, IL?