Is Momence 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, Momence Township has remained a Seller's Market.
Housing Prices in Momence Township, IL
How much do homes in Momence Township, IL cost?
Median Sold Price
$169,950
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Momence Township was $169,950 in May 2024, up 18.8% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55.5K | $69.5K | +25.2% |
2 Bedrooms | $120K | $147K | +22.5% |
3 Bedrooms | $153.3K | $175K | +14.1% |
4 Bedrooms | $123.5K | $236K | +91.1% |
5+ Bedrooms | $176.8K | - | N/A |
Summary: Momence Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.2%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 91.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Momence Township | $143K | $169.9K | +18.8% |
Momence | $154.4K | $169.9K | +10.1% |
Housing Supply in Momence Township, IL
How many homes are available in Momence Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Summary: The Momence Township real estate market had 22 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Momence Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Momence Township in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Momence Township, IL
How long does it take to sell a home in Momence Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 53 Days | +360.0% |
Summary: Homes in Momence Township had an average of 53 days on market in May 2024, up by 360% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Momence Township; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.