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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Champaign Township is a neutral's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Champaign Township was a Seller's Market.

Key Takeaway

Champaign Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Champaign Township, IL cost?

Median Sold Price

$293,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$25,000(+9.3%)

Key Takeaway

Homes in Champaign Township have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $155K$177.2K
+14.4%
3 $237.5K$266K
+12.0%
4 $293.7K$325K
+10.6%
5+ $315K$500K
+58.7%

Median Sold Price Compared To Nearby Cities

Savoy
+16.3%
Champaign Township
+9.3%
Champaign
+4.5%
Champaign City Township
+4.5%

How many homes are available in Champaign Township, IL?

Number of Homes For Sale

Dec 2022Jan 2023%
3027-10.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 21
-50.0%
3 1314
+7.7%
4 129
-25.0%
5+ 33
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
114-63.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Champaign Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
30 Days59 Days+91.7%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Champaign Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Champaign Township, IL

Champaign Township, IL has 27 homes for sale to choose from. In January 2023 in Champaign Township, IL there were 10% less homes for sale than in December 2022. Listings spent 59 days on the market in January 2023, and had a median list price of $293,000 during the same period. From December 2022 through January 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 14.4%, prices of 3 bedrooms properties increased by 12%, the cost of 4 bedrooms properties went up by 10.6%, prices of 5 bedrooms properties increased by 58.7%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes became 50% less available, volume of 3 bedrooms homes went up by 7.7%, 4 bedrooms homes became 25% less available, the quantity of 5 bedrooms homes have not changed. Over 0 listings were sold over their listed price in January 2023 in Champaign Township, IL. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price.

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