$949 Closing Credit*
$79,900
836 SqFt
2 Beds
•1 Full Bath
Adam Merrick, Listing Office: Adam Merrick Real Estate
Is Elmwood Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Elmwood Township has remained a Seller's Market.
Key Takeaway
Elmwood Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elmwood Township, IL
How much do homes in Elmwood Township, IL cost?
Median Sold Price
$149,250
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,250(+21.3%)
Key Takeaway
Homes in Elmwood Township have sold for 21.3% more than they did a year ago.
Summary: The median home sold price in Elmwood Township was $149,250 in October 2024, up 21.3% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $88.5K | $132K | +49.2% |
| 3 Bedrooms | $123K | $149.2K | +21.3% |
| 4 Bedrooms | $172.2K | $126K | -26.9% |
| 5+ Bedrooms | $183K | $265.9K | +45.3% |
Summary: Elmwood Township 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 increased by 49.2%, 3 bedroom homes increased by 21.3%, 4 bedroom homes decreased by 26.9%, and 5+ bedroom homes increased by 45.3%.
Median Sold Price Compared To Nearby Cities
| Elmwood | $119K | $149.2K | +25.4% |
| Elmwood Township | $123K | $149.2K | +21.3% |
| Salem Township | $125K | $136.5K | +9.2% |
Housing Supply in Elmwood Township, IL
How many homes are available in Elmwood Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Elmwood Township real estate market had 9 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Elmwood Township 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 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elmwood Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Elmwood Township in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Elmwood Township, IL
How long does it take to sell a home in Elmwood Township, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 5 Days | -56.3% |
Summary: Homes in Elmwood Township had an average of 5 days on market in Oct 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elmwood Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Elmwood 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.