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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Empire Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Empire Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Empire Township, IL

How much do homes in Empire Township, IL cost?

Median Sold Price

$270,000

$98/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$135,100(+100.1%)

Key Takeaway

Homes in Empire Township have sold for 100.1% more than they did a month ago.

Summary: The median home sold price in Empire Township was $270,000 in April 2024, up 100.1% from last month, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $134.9K$155K
+14.9%
4 -$950K
N/A
5+ --
N/A

Summary: Empire Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Empire Township
+100.1%
Downs Township
+58.5%
Le Roy
+49.6%
Dawson Township
+9.6%

Housing Supply in Empire Township, IL

How many homes are available in Empire Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1314+7.7%

Summary: The Empire Township real estate market had 14 homes for sale in April 2024, a 7.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 129
-25.0%
4 14
+300.0%
5+ 00
0.0%

Summary: The Empire 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 increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Empire Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Empire Township in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Empire Township, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
7 Days87 Days+1049.1%

Summary: Homes in Empire Township had an average of 87 days on market in Apr 2024, up by 1049.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Empire Township has remained consistent over time.

Summary: During April 2024, 3 homes were sold in Empire Township; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 19 Days Ago

Newest Listings in Empire Township, IL

Nearby Markets to Empire Township, IL