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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Washington Heights is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, East Washington Heights has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in East Washington Heights, IL

How much do homes in East Washington Heights, IL cost?

Median Sold Price

$200,000

$173/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$149,000(+292.2%)

Key Takeaway

Homes in East Washington Heights have sold for 292.2% more than they did a month ago.

Summary: The median home sold price in East Washington Heights was $200,000 in November 2024, up 292.2% from last month, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$200K
N/A
4 $51K-
N/A
5+ --
N/A

Summary: East Washington Heights housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in East Washington Heights, IL

How many homes are available in East Washington Heights, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1918-5.3%

Summary: The East Washington Heights real estate market had 18 homes for sale in November 2024, a 5.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 910
+11.1%
4 64
-33.3%
5+ 01
+100.0%

Summary: The East Washington Heights 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 decreased by 25%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

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 Washington Heights, 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 Washington Heights in November 2024, down by 50.0% 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 Washington Heights, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
22 Days65 Days+195.5%

Summary: Homes in East Washington Heights had an average of 65 days on market in Nov 2024, up by 195.5% 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 Washington Heights has remained consistent over time.

Summary: During November 2024, 1 homes were sold in East Washington Heights; 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 22 Days Ago

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