Is Monee, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Monee was a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $191K | $222.5K | +16.5% |
3 Bedrooms | $260K | $284.9K | +9.6% |
4 Bedrooms | $324.5K | $415K | +27.9% |
5+ Bedrooms | $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 | $285.7K | $299.4K | +4.8% |
Monee Township | $212.8K | $214.1K | +0.6% |
University Park | $175K | $175K | 0.0% |
Housing Supply in Monee, IL
How many homes are available in Monee, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 48 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 19 | 24 | +26.3% |
5+ Bedrooms | 3 | 4 | +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 2024 | May 2024 | CHANGE |
---|---|---|
13 | 7 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 44 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
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.