Is Empire 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, Empire Township has remained a Seller's Market.
Housing Prices in Empire Township, IL
How much do homes in Empire Township, IL cost?
Median Sold Price
$167,500
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Empire Township was $167,500 in May 2024, up 4% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $48K | N/A |
2 Bedrooms | $121.4K | $140K | +15.3% |
3 Bedrooms | $156.5K | $180K | +15.0% |
4 Bedrooms | $181.5K | $235K | +29.5% |
5+ Bedrooms | $186K | $220K | +18.3% |
Summary: Empire Township 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 15.3%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
Dawson Township | $138.7K | $185K | +33.3% |
Downs Township | $267K | $329K | +23.2% |
Le Roy | $155K | $170K | +9.7% |
Empire Township | $161K | $167.5K | +4.0% |
Housing Supply in Empire Township, IL
How many homes are available in Empire Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 22 | +46.7% |
Summary: The Empire Township real estate market had 22 homes for sale in May 2024, a 46.7% increase 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 | 1 | 3 | +200.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Empire 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 increased by 200%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Empire Township in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 21 Days | +488.0% |
Summary: Homes in Empire Township had an average of 21 days on market in May 2024, up by 488% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Empire Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.