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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dundee Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Dundee Township, IL

How much do homes in Dundee Township, IL cost?

Median Sold Price

$280,250

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$24,361(+9.5%)

Key Takeaway

Homes in Dundee Township have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Dundee Township was $280,250 in May 2024, up 9.5% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $131K$157K
+19.8%
2 $199.9K$235K
+17.5%
3 $248.3K$275K
+10.8%
4 $410K$430K
+4.9%
5+ $484.9K$504.4K
+4.0%

Summary: Dundee Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Cities

Sleepy Hollow
+11.4%
Dundee Township
+9.5%
Carpentersville
+8.5%
East Dundee
+2.0%
West Dundee
-4.8%

Housing Supply in Dundee Township, IL

How many homes are available in Dundee Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
148160+8.1%

Summary: The Dundee Township real estate market had 160 homes for sale in May 2024, a 8.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 3035
+16.7%
3 5862
+6.9%
4 4648
+4.3%
5+ 1314
+7.7%

Summary: The Dundee 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 16.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5149-3.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dundee Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 49 homes were sold or pending in Dundee Township in May 2024, down by 3.9% month-over-month. Of the 49 sold homes, 16% were sold under asking, 12% were sold at asking, and 71% were sold over asking.

Days on Market for Dundee Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
24 Days12 Days-49.3%

Summary: Homes in Dundee Township had an average of 12 days on market in May 2024, down by 49.3% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 49 homes were sold in Dundee Township; 86% of homes were sold within 30 days, 14% 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 1 Day Ago

Newest Listings in Dundee Township, IL

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