Is Monroe Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Monroe Township was a Neutral Market.

Key Takeaway

Monroe Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Monroe Township, IL

How much do homes in Monroe Township, IL cost?

Median Sold Price

$211,000

$160/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$57,500(-21.4%)

Key Takeaway

Homes in Monroe Township have sold for 21.4% less than they did a month ago.

Summary: The median home sold price in Monroe Township was $211,000 in April 2024, down 21.4% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$211K
N/A
3 $268.5K-
N/A
4 --
N/A
5+ --
N/A

Summary: Monroe Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Scott Township
+71.9%
Monroe Township
-21.4%

Housing Supply in Monroe Township, IL

How many homes are available in Monroe Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
65-16.7%

Summary: The Monroe Township real estate market had 5 homes for sale in April 2024, a 16.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 32
-33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Monroe Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Monroe Township in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Monroe Township, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
188 Days4 Days-97.9%

Summary: Homes in Monroe Township had an average of 4 days on market in Apr 2024, down by 97.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monroe Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Monroe Township; 100% of homes were sold within 30 days, 0% 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 Apr 1, 2024

Newest Listings in Monroe Township, IL

Nearby Markets to Monroe Township, IL

What housing markets are near Monroe Township, IL?