Is Channahon 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, Channahon Township has remained a Seller's Market.
Housing Prices in Channahon Township, IL
How much do homes in Channahon Township, IL cost?
Median Sold Price
$365,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Channahon Township was $365,000 in May 2024, up 5.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $244.9K | $280K | +14.3% |
3 Bedrooms | $325K | $350K | +7.7% |
4 Bedrooms | $387.9K | $416.8K | +7.4% |
5+ Bedrooms | $397.5K | $370K | -6.9% |
Summary: Channahon 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 14.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 6.9%.
Housing Supply in Channahon Township, IL
How many homes are available in Channahon Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 96 | +33.3% |
Summary: The Channahon Township real estate market had 96 homes for sale in May 2024, a 33.3% 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 | 8 | 14 | +75.0% |
3 Bedrooms | 45 | 50 | +11.1% |
4 Bedrooms | 17 | 28 | +64.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Channahon 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 75%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 64.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Channahon Township in May 2024, up by 37.5% month-over-month. Of the 22 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Channahon Township, IL
How long does it take to sell a home in Channahon Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 17 Days | +80.7% |
Summary: Homes in Channahon Township had an average of 17 days on market in May 2024, up by 80.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Channahon Township; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.