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 October 2023

At the same time last year, East Washington Heights was a Seller'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

$166,400

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$19,375(-10.4%)

Key Takeaway

Homes in East Washington Heights have sold for 10.4% less than they did a year ago.

Summary: The median home sold price in East Washington Heights was $166,400 in October 2024, down 10.4% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $204.5K$119.7K
-41.4%
3 $185.7K$195K
+5.0%
4 $115K$119.5K
+3.9%
5+ $245.7K-
N/A

Summary: East Washington Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Washington Heights
+9.3%
Far Southwest Side
+6.0%
East Washington Heights
-10.4%

Housing Supply in East Washington Heights, IL

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2320-13.0%

Summary: The East Washington Heights real estate market had 20 homes for sale in October 2024, a 13.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 119
-18.2%
4 76
-14.3%
5+ 00
0.0%

Summary: The East Washington Heights 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in East Washington Heights in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 2023Oct 2024CHANGE
41 Days22 Days-47.0%

Summary: Homes in East Washington Heights had an average of 22 days on market in Oct 2024, down by 47% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 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 Washington Heights are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in East Washington Heights; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in East Washington Heights, IL

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