Is Cheney's Grove Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheney's Grove Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

Cheney's Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cheney's Grove Township, IL

How much do homes in Cheney's Grove Township, IL cost?

Median Sold Price

$160,000

$86/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$117,500(-42.3%)

Key Takeaway

Homes in Cheney's Grove Township have sold for 42.3% less than they did a month ago.

Summary: The median home sold price in Cheney's Grove Township was $160,000 in May 2024, down 42.3% from last month, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $125K-
N/A
4 $430K$160K
-62.8%
5+ --
N/A

Summary: Cheney's Grove Township housing prices by bedroom type for May 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 did not change, 4 bedroom homes decreased by 62.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Arrowsmith Township
+477.3%
Cheney's Grove Township
-42.3%
Saybrook
-42.3%

Housing Supply in Cheney's Grove Township, IL

How many homes are available in Cheney's Grove Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
43-25.0%

Summary: The Cheney's Grove Township real estate market had 3 homes for sale in May 2024, a 25.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Cheney's Grove 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheney's Grove Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Cheney's Grove Township in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Cheney's Grove Township, IL

How long does it take to sell a home in Cheney's Grove Township, IL?

Average Sale Time

Apr 2024May 2024CHANGE
3 Days124 Days+3442.9%

Summary: Homes in Cheney's Grove Township had an average of 124 days on market in May 2024, up by 3442.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cheney's Grove Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in Cheney's Grove Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 9 Days Ago

Newest Listings in Cheney's Grove Township, IL

Nearby Markets to Cheney's Grove Township, IL