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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Champaign City Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Champaign City Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Champaign City Township, IL

How much do homes in Champaign City Township, IL cost?

Median Sold Price

$223,833

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$34,026(+17.9%)

Key Takeaway

Homes in Champaign City Township have sold for 17.9% more than they did a year ago.

Summary: The median home sold price in Champaign City Township was $223,833 in September 2024, up 17.9% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $105.2K$116.5K
+10.7%
2 $148.5K$160K
+7.7%
3 $185K$220K
+18.9%
4 $310K$330K
+6.5%
5+ $335K$399.9K
+19.4%

Summary: Champaign City Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Cities

Champaign
+18.0%
Champaign City Township
+17.9%
Champaign Township
+5.9%
Savoy
-0.9%

Housing Supply in Champaign City Township, IL

How many homes are available in Champaign City Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
274224-18.2%

Summary: The Champaign City Township real estate market had 224 homes for sale in September 2024, a 18.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 46
+50.0%
2 4634
-26.1%
3 12799
-22.0%
4 7866
-15.4%
5+ 1919
0.0%

Summary: The Champaign City Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 26.1%, 3 bedroom homes decreased by 22%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
10558-44.8%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Champaign City Township, you may be able to get a good deal. 43.1% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in Champaign City Township in September 2024, down by 44.8% month-over-month. Of the 58 sold homes, 43% were sold under asking, 26% were sold at asking, and 31% 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

Sep 2023Sep 2024CHANGE
21 Days33 Days+52.0%

Summary: Homes in Champaign City Township had an average of 33 days on market in Sep 2024, up by 52% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 58 homes were sold in Champaign City Township; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% 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 10 Days Ago

Newest Listings in Champaign City Township, IL

Nearby Markets to Champaign City Township, IL

What housing markets are near Champaign City Township, IL?