Is Champaign City Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Champaign City Township has remained a Seller's Market.
Housing Prices in Champaign City Township, IL
How much do homes in Champaign City Township, IL cost?
Median Sold Price
$200,143
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Champaign City Township was $200,143 in April 2024, up 10.5% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81.2K | $110.5K | +36.1% |
2 Bedrooms | $138.4K | $155K | +12.0% |
3 Bedrooms | $180K | $195K | +8.4% |
4 Bedrooms | $275K | $329K | +19.6% |
5+ Bedrooms | $335K | $345K | +3.0% |
Summary: Champaign City Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.1%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
Champaign | $182.5K | $210.5K | +15.3% |
Champaign City Township | $181K | $200.1K | +10.5% |
Savoy | $343K | $375K | +9.3% |
Champaign Township | $238K | $218.4K | -8.2% |
Housing Supply in Champaign City Township, IL
How many homes are available in Champaign City Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
208 | 211 | +1.4% |
Summary: The Champaign City Township real estate market had 211 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 34 | 32 | -5.9% |
3 Bedrooms | 102 | 105 | +2.9% |
4 Bedrooms | 52 | 55 | +5.8% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Champaign City Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 60 | -3.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Champaign City Township in April 2024, down by 3.2% month-over-month. Of the 60 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Champaign City Township, IL
How long does it take to sell a home in Champaign City Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 23 Days | +4.2% |
Summary: Homes in Champaign City Township had an average of 23 days on market in Apr 2024, up by 4.2% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 60 homes were sold in Champaign City Township; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.