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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Channahon Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Channahon Township, IL

How much do homes in Channahon Township, IL cost?

Median Sold Price

$365,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,250(+5.3%)

Key Takeaway

Homes in Channahon Township have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Channahon Township was $365,000 in May 2024, up 5.3% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $244.9K$280K
+14.3%
3 $325K$350K
+7.7%
4 $387.9K$416.8K
+7.4%
5+ $397.5K$370K
-6.9%

Summary: Channahon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 6.9%.

Median Sold Price Compared To Nearby Cities

Elwood
+26.0%
Minooka
+11.4%
Channahon
+9.1%
Channahon
+8.5%
Channahon Township
+5.3%

Housing Supply in Channahon Township, IL

How many homes are available in Channahon Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7296+33.3%

Summary: The Channahon Township real estate market had 96 homes for sale in May 2024, a 33.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 814
+75.0%
3 4550
+11.1%
4 1728
+64.7%
5+ 24
+100.0%

Summary: The Channahon Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 64.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1622+37.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Channahon Township, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in Channahon Township in May 2024, up by 37.5% month-over-month. Of the 22 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.

Days on Market for Channahon Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
9 Days17 Days+80.7%

Summary: Homes in Channahon Township had an average of 17 days on market in May 2024, up by 80.7% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 22 homes were sold in Channahon Township; 73% of homes were sold within 30 days, 27% 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 18 Days Ago

Newest Listings in Channahon Township, IL

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What housing markets are near Channahon Township, IL?