Is Champaign Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$214,502
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Champaign Township was $214,502 in March 2024, down 17.5% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $91K | $112.1K | +23.2% |
2 Bedrooms | $135.5K | $155K | +14.4% |
3 Bedrooms | $236K | $206.5K | -12.5% |
4 Bedrooms | $325K | $328.5K | +1.1% |
5+ Bedrooms | $329K | $340K | +3.3% |
Summary: Champaign Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Hensley Township | $87K | $104K | +19.5% |
Champaign | $184.2K | $205.1K | +11.3% |
Champaign City Township | $182.9K | $199.1K | +8.8% |
Savoy | $343K | $369.9K | +7.9% |
Champaign Township | $260K | $214.5K | -17.5% |
Housing Supply in Champaign Township, IL
How many homes are available in Champaign Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
215 | 231 | +7.4% |
Summary: The Champaign Township real estate market had 231 homes for sale in March 2024, a 7.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 36 | 38 | +5.6% |
3 Bedrooms | 107 | 110 | +2.8% |
4 Bedrooms | 51 | 59 | +15.7% |
5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Champaign Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 70 | +18.6% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in Champaign Township in March 2024, up by 18.6% month-over-month. Of the 70 sold homes, 46% were sold under asking, 17% were sold at asking, and 37% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 32 Days | -11.5% |
Summary: Homes in Champaign Township had an average of 32 days on market in Mar 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 70 homes were sold in Champaign Township; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.