Is Earlville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Earlville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Earlville, IL

How much do homes in Earlville, IL cost?

Median Sold Price

$190,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$31,000(+19.5%)

Key Takeaway

Homes in Earlville have sold for 19.5% more than they did a year ago.

Summary: The median home sold price in Earlville was $190,000 in May 2024, up 19.5% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $100K$145K
+45.0%
3 $140K$202.2K
+44.5%
4 $190K$260K
+36.8%
5+ $214.9K$237K
+10.3%

Summary: Earlville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45%, 3 bedroom homes increased by 44.5%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Cities

Earlville
+19.5%
Earl Township
+9.0%

Housing Supply in Earlville, IL

How many homes are available in Earlville, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1819+5.6%

Summary: The Earlville real estate market had 19 homes for sale in May 2024, a 5.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 99
0.0%
4 46
+50.0%
5+ 22
0.0%

Summary: The Earlville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Earlville, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Earlville in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.

Days on Market for Earlville, IL

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

Average Sale Time

May 2023May 2024CHANGE
9 Days24 Days+154.4%

Summary: Homes in Earlville had an average of 24 days on market in May 2024, up by 154.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 6 homes were sold in Earlville; 67% of homes were sold within 30 days, 33% 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 2 Days Ago

Newest Listings in Earlville, IL

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