$35,000
1.00 Acres
Land
Jim Mitzelfelt, Listing Office: Century 21 Lincoln National Re
Is Edwards, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Edwards has remained a Seller's Market.
Key Takeaway
Edwards is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edwards, IL
How much do homes in Edwards, IL cost?
Median Sold Price
$345,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$50,000(-12.7%)
Key Takeaway
Homes in Edwards have sold for 12.7% less than they did a year ago.
Summary: The median home sold price in Edwards was $345,000 in November 2024, down 12.7% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $122K | +1.7% |
| 3 Bedrooms | $335K | $300.5K | -10.3% |
| 4 Bedrooms | $325K | $327.7K | +0.8% |
| 5+ Bedrooms | $439K | $420K | -4.3% |
Summary: Edwards housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Peoria | $127.5K | $139.7K | +9.5% |
| Radnor Township | $380K | $405K | +6.6% |
| Rosefield Township | $375.5K | $375K | -0.2% |
| Edwards | $395K | $345K | -12.7% |
| Kickapoo Township | $364.7K | $315.5K | -13.5% |
Housing Supply in Edwards, IL
How many homes are available in Edwards, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Edwards real estate market had 15 homes for sale in November 2024, a 11.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Edwards 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 remained the same, 3 bedroom homes decreased by 60%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edwards, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Edwards in November 2024, up by 133.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Edwards, IL
How long does it take to sell a home in Edwards, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 30 Days | -49.9% |
Summary: Homes in Edwards had an average of 30 days on market in Nov 2024, down by 49.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edwards are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Edwards; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.