$1,008 Closing Credit*
$84,900
836 SqFt
2 Beds
•1 Full Bath
Kelly Rupp, Listing Office: Coldwell Banker Real Estate Gr
Is Elmwood Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Elmwood Township was a Seller's Market.
Key Takeaway
Elmwood Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elmwood Township, IL
How much do homes in Elmwood Township, IL cost?
Median Sold Price
$149,250
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$37,250(+33.3%)
Key Takeaway
Homes in Elmwood Township have sold for 33.3% more than they did a year ago.
Summary: The median home sold price in Elmwood Township was $149,250 in August 2024, up 33.3% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $74K | $132K | +78.4% |
| 3 Bedrooms | $103K | $145K | +40.8% |
| 4 Bedrooms | $147.5K | $157K | +6.4% |
| 5+ Bedrooms | - | $256.4K | N/A |
Summary: Elmwood Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 78.4%, 3 bedroom homes increased by 40.8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elmwood Township | $112K | $149.2K | +33.3% |
| Elmwood | $112K | $145K | +29.5% |
| Salem Township | $125K | $135K | +8.0% |
| Rosefield Township | $393.1K | $344.9K | -12.3% |
Housing Supply in Elmwood Township, IL
How many homes are available in Elmwood Township, IL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Elmwood Township real estate market had 11 homes for sale in August 2024, a 10.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Elmwood Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elmwood Township, 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 Elmwood Township in August 2024, down by 66.7% 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 Elmwood Township, IL
How long does it take to sell a home in Elmwood Township, IL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 37 Days | 36 Days | -2.7% |
Summary: Homes in Elmwood Township had an average of 36 days on market in Aug 2024, down by 2.7% compared to last year.
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
Key Takeaway
Avg time on Rocket Homes in Elmwood Township has remained consistent over time.
Summary: During August 2024, 1 homes were sold in Elmwood Township; 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.