Is El Paso Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, El Paso Township has remained a Seller's Market.
Housing Prices in El Paso Township, IL
How much do homes in El Paso Township, IL cost?
Median Sold Price
$158,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in El Paso Township was $158,000 in May 2024, down 0.5% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $236K | +574.3% |
2 Bedrooms | $75K | $128.5K | +71.3% |
3 Bedrooms | $166.8K | $155K | -7.1% |
4 Bedrooms | $225K | $206.5K | -8.2% |
5+ Bedrooms | $178K | $156K | -12.4% |
Summary: El Paso Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 574.3%, 2 bedroom homes increased by 71.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
Hudson Township | $226.2K | $284.7K | +25.9% |
El Paso | $150K | $156K | +4.0% |
El Paso Township | $158.7K | $158K | -0.5% |
Housing Supply in El Paso Township, IL
How many homes are available in El Paso Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Summary: The El Paso Township real estate market had 3 homes for sale in May 2024, a 50.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 2 | -50.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The El Paso Township 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in El Paso Township in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for El Paso Township, IL
How long does it take to sell a home in El Paso Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 2 Days | -96.6% |
Summary: Homes in El Paso Township had an average of 2 days on market in May 2024, down by 96.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in El Paso 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.