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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fondulac Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Fondulac Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fondulac Township, IL

How much do homes in Fondulac Township, IL cost?

Median Sold Price

$180,750

$99/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,250(+22.5%)

Key Takeaway

Homes in Fondulac Township have sold for 22.5% more than they did a year ago.

Summary: The median home sold price in Fondulac Township was $180,750 in November 2024, up 22.5% from last year, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $33K$26.2K
-20.5%
2 $79.9K$98.5K
+23.2%
3 $178.9K$175K
-2.2%
4 $195.9K$233.7K
+19.3%
5+ $273K$380K
+39.2%

Summary: Fondulac Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.5%, 2 bedroom homes increased by 23.2%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 39.2%.

Median Sold Price Compared To Nearby Cities

Fondulac Township
+22.5%
Creve Coeur
+22.0%
East Peoria
+7.8%
Groveland Township
+4.4%
Peoria Heights
-5.0%

Housing Supply in Fondulac Township, IL

How many homes are available in Fondulac Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5248-7.7%

Summary: The Fondulac Township real estate market had 48 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1113
+18.2%
3 2422
-8.3%
4 1312
-7.7%
5+ 31
-66.7%

Summary: The Fondulac Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1520+33.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fondulac Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Fondulac Township in November 2024, up by 33.3% month-over-month. Of the 20 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.

Days on Market for Fondulac Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
9 Days20 Days+122.5%

Summary: Homes in Fondulac Township had an average of 20 days on market in Nov 2024, up by 122.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fondulac Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in Fondulac Township; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% 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

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