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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Moline is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in East Moline, IL

How much do homes in East Moline, IL cost?

Median Sold Price

$143,500

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,500(+10.4%)

Key Takeaway

Homes in East Moline have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in East Moline was $143,500 in October 2024, up 10.4% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $68K$55K
-19.1%
2 $87.7K$124K
+41.3%
3 $145K$155K
+6.9%
4 $198.5K$201.4K
+1.5%
5+ $210.5K$153.6K
-27.0%

Summary: East Moline housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes increased by 41.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 27%.

Median Sold Price Compared To Nearby Cities

East Moline
+10.4%
Hampton Township
-2.4%
Silvis
-4.1%

Housing Supply in East Moline, IL

How many homes are available in East Moline, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7888+12.8%

Summary: The East Moline real estate market had 88 homes for sale in October 2024, a 12.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 2824
-14.3%
3 2837
+32.1%
4 1620
+25.0%
5+ 22
0.0%

Summary: The East Moline housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1821+16.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Moline, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in East Moline in October 2024, up by 16.7% month-over-month. Of the 21 sold homes, 48% were sold under asking, 14% were sold at asking, and 38% were sold over asking.

Days on Market for East Moline, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days28 Days+83.3%

Summary: Homes in East Moline had an average of 28 days on market in Oct 2024, up by 83.3% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 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 Moline are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in East Moline; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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 Moline, IL

Nearby Markets to East Moline, IL

What housing markets are near East Moline, IL?