Is Ellington Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ellington Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Ellington Township was a Seller's Market.

Key Takeaway

Ellington Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Ellington Township, IL

How much do homes in Ellington Township, IL cost?

Median Sold Price

$216,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$37,100(+20.7%)

Key Takeaway

Homes in Ellington Township have sold for 20.7% more than they did a year ago.

Summary: The median home sold price in Ellington Township was $216,000 in November 2024, up 20.7% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K-
N/A
2 $152.5K$147K
-3.6%
3 $155.2K$190K
+22.4%
4 $329K$390K
+18.5%
5+ $540K-
N/A

Summary: Ellington Township 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 decreased by 3.6%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ellington Township
+20.7%
Fowler
+19.0%
Quincy Township
+7.9%
Quincy
+7.9%
Riverside Township
+6.4%

Housing Supply in Ellington Township, IL

How many homes are available in Ellington Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
660.0%

Summary: The Ellington Township real estate market had 6 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 12
+100.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Ellington Township 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 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were 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 Ellington Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Ellington Township in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Ellington Township, IL

How long does it take to sell a home in Ellington Township, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
2 Days2 Days0.0%

Summary: Homes in Ellington Township had an average of 2 days on market in Nov 2024, the same as last year.

Breakdown of Home Sale Times

1 Home Was 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 Ellington Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Ellington Township; 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 Ellington Township, IL

Nearby Markets to Ellington Township, IL

What housing markets are near Ellington Township, IL?