Is Ela Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ela Township has remained a Seller's Market.
Housing Prices in Ela Township, IL
How much do homes in Ela Township, IL cost?
Median Sold Price
$554,750
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ela Township was $554,750 in April 2024, up 4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | - | N/A |
2 Bedrooms | $255K | $257.9K | +1.1% |
3 Bedrooms | $397.5K | $429.9K | +8.2% |
4 Bedrooms | $610K | $625K | +2.5% |
5+ Bedrooms | $710.9K | $805K | +13.2% |
Summary: Ela Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
Kildeer | $735.6K | $850K | +15.5% |
Lake Zurich | $380K | $420.5K | +10.7% |
Long Grove | $770K | $802.2K | +4.2% |
Ela Township | $533.4K | $554.7K | +4.0% |
Deer Park | $550K | $540K | -1.8% |
Housing Supply in Ela Township, IL
How many homes are available in Ela Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
134 | 165 | +23.1% |
Summary: The Ela Township real estate market had 165 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 6 | -45.5% |
3 Bedrooms | 38 | 47 | +23.7% |
4 Bedrooms | 61 | 84 | +37.7% |
5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Ela Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 45.5%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 37.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 39 | +2.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Ela Township in April 2024, up by 2.6% month-over-month. Of the 39 sold homes, 26% were sold under asking, 21% were sold at asking, and 54% were sold over asking.
Days on Market for Ela Township, IL
How long does it take to sell a home in Ela Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 14 Days | +4.1% |
Summary: Homes in Ela Township had an average of 14 days on market in Apr 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in Ela Township; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.