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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Erienna Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Erienna Township has remained a Seller's Market.

Key Takeaway

Erienna Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Erienna Township, IL

How much do homes in Erienna Township, IL cost?

Median Sold Price

$357,950

$159/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$67,050(-15.8%)

Key Takeaway

Homes in Erienna Township have sold for 15.8% less than they did a month ago.

Summary: The median home sold price in Erienna Township was $357,950 in October 2024, down 15.8% from last month, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$190.9K
N/A
3 $425K$525K
+23.5%
4 --
N/A
5+ --
N/A

Summary: Erienna Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 23.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Seneca
+200.0%
Erienna Township
-15.8%

Housing Supply in Erienna Township, IL

How many homes are available in Erienna Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
59+80.0%

Summary: The Erienna Township real estate market had 9 homes for sale in October 2024, a 80.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 22
0.0%
4 25
+150.0%
5+ 00
0.0%

Summary: The Erienna 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Erienna Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Erienna Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Erienna Township, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
10 Days13 Days+30.0%

Summary: Homes in Erienna Township had an average of 13 days on market in Oct 2024, up by 30% compared to last month.

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 Erienna Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Erienna 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 4 Days Ago

Newest Listings in Erienna Township, IL

Nearby Markets to Erienna Township, IL

What housing markets are near Erienna Township, IL?