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 October 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

$179,450

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,450(+24.6%)

Key Takeaway

Homes in Fondulac Township have sold for 24.6% more than they did a year ago.

Summary: The median home sold price in Fondulac Township was $179,450 in October 2024, up 24.6% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $43K$26.2K
-39.0%
2 $77.9K$106K
+36.0%
3 $178K$176.4K
-0.9%
4 $195K$237.2K
+21.7%
5+ $271.4K$345.5K
+27.3%

Summary: Fondulac Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39%, 2 bedroom homes increased by 36%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 27.3%.

Median Sold Price Compared To Nearby Cities

Fondulac Township
+24.6%
Creve Coeur
+12.7%
East Peoria
+7.9%
Groveland Township
+4.6%
Peoria Heights
0%

Housing Supply in Fondulac Township, IL

How many homes are available in Fondulac Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4851+6.3%

Summary: The Fondulac Township real estate market had 51 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 711
+57.1%
3 2424
0.0%
4 1313
0.0%
5+ 42
-50.0%

Summary: The Fondulac Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1315+15.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fondulac Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in Fondulac Township in October 2024, up by 15.4% month-over-month. Of the 15 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% 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

Oct 2023Oct 2024CHANGE
14 Days20 Days+33.9%

Summary: Homes in Fondulac Township had an average of 20 days on market in Oct 2024, up by 33.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 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 October 2024, 15 homes were sold in Fondulac Township; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Fondulac Township, IL

Nearby Markets to Fondulac Township, IL

What housing markets are near Fondulac Township, IL?