Is Monee, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monee is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Monee was a Seller's Market.

Key Takeaway

Monee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Monee, IL

How much do homes in Monee, IL cost?

Median Sold Price

$299,450

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$13,700(+4.8%)

Key Takeaway

Homes in Monee have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Monee was $299,450 in May 2024, up 4.8% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $191K$222.5K
+16.5%
3 $260K$284.9K
+9.6%
4 $324.5K$415K
+27.9%
5+ $277.4K$367.5K
+32.5%

Summary: Monee 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 16.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes increased by 32.5%.

Median Sold Price Compared To Nearby Cities

Monee
+4.8%
Monee Township
+0.6%
University Park
0.0%

Housing Supply in Monee, IL

How many homes are available in Monee, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4048+20.0%

Summary: The Monee real estate market had 48 homes for sale in May 2024, a 20.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1314
+7.7%
4 1924
+26.3%
5+ 34
+33.3%

Summary: The Monee 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 20%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
137-46.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monee, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Monee in May 2024, down by 46.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 71% were sold at asking, and 14% were sold over asking.

Days on Market for Monee, IL

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

Average Sale Time

May 2023May 2024CHANGE
10 Days44 Days+317.6%

Summary: Homes in Monee had an average of 44 days on market in May 2024, up by 317.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Monee has remained consistent over time.

Summary: During May 2024, 7 homes were sold in Monee; 43% of homes were sold within 30 days, 57% 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 Monee, IL

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