Is Champaign 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 Township has remained a Seller's Market.
Housing Prices in Champaign Township, IL
How much do homes in Champaign Township, IL cost?
Median Sold Price
$218,475
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Champaign Township was $218,475 in April 2024, down 8.2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113.7K | $110.5K | -2.9% |
2 Bedrooms | $140K | $158.9K | +13.5% |
3 Bedrooms | $226.5K | $209.2K | -7.6% |
4 Bedrooms | $312.1K | $330K | +5.7% |
5+ Bedrooms | $329K | $339.9K | +3.3% |
Summary: Champaign Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 13.5%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 3.3%.
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 Township, IL
How many homes are available in Champaign Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
240 | 244 | +1.7% |
Summary: The Champaign Township real estate market had 244 homes for sale in April 2024, a 1.7% 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 | 38 | 35 | -7.9% |
3 Bedrooms | 117 | 119 | +1.7% |
4 Bedrooms | 61 | 68 | +11.5% |
5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The Champaign 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 7.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 67 | -9.5% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Champaign Township in April 2024, down by 9.5% month-over-month. Of the 67 sold homes, 40% were sold under asking, 18% were sold at asking, and 42% were sold over asking.
Days on Market for Champaign Township, IL
How long does it take to sell a home in Champaign Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 30 Days | +47.7% |
Summary: Homes in Champaign Township had an average of 30 days on market in Apr 2024, up by 47.7% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 67 homes were sold in Champaign Township; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.