Is Cunningham 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, Cunningham Township has remained a Seller's Market.
Housing Prices in Cunningham Township, IL
How much do homes in Cunningham Township, IL cost?
Median Sold Price
$202,333
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cunningham Township was $202,333 in April 2024, up 19% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72.5K | $82.2K | +13.4% |
2 Bedrooms | $120K | $138.7K | +15.6% |
3 Bedrooms | $178.5K | $220.7K | +23.7% |
4 Bedrooms | $210K | $250K | +19.0% |
5+ Bedrooms | $229K | $239K | +4.4% |
Summary: Cunningham Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
Urbana Township | $158.7K | $196.5K | +23.8% |
Cunningham Township | $170K | $202.3K | +19.0% |
Urbana | $170K | $196.5K | +15.6% |
Champaign | $182.5K | $210.5K | +15.3% |
Housing Supply in Cunningham Township, IL
How many homes are available in Cunningham Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
136 | 133 | -2.2% |
Summary: The Cunningham Township real estate market had 133 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 26 | 25 | -3.8% |
3 Bedrooms | 75 | 73 | -2.7% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Cunningham Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 42 | +31.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Cunningham Township in April 2024, up by 31.3% month-over-month. Of the 42 sold homes, 40% were sold under asking, 24% were sold at asking, and 36% were sold over asking.
Days on Market for Cunningham Township, IL
How long does it take to sell a home in Cunningham Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 24 Days | +7.2% |
Summary: Homes in Cunningham Township had an average of 24 days on market in Apr 2024, up by 7.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in Cunningham Township; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.