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 November 2021

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.

How much do homes in Channahon Township, IL cost?

Median Sold Price

$330,500

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$35,500(+12.0%)

Key Takeaway

Homes in Channahon Township have sold for 12% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $85K-
N/A
2 $210K$211.2K
+0.6%
3 $270K$305K
+13.0%
4 $370K$385K
+4.1%
5+ $315K$397.5K
+26.2%

Median Sold Price Compared To Nearby Cities

Channahon Township
+12.0%
Channahon
+8.8%
Channahon
+8.3%
Minooka
+5.4%
Elwood
-4.1%

How many homes are available in Channahon Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
4041+2.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 22
0.0%
3 1819
+5.6%
4 1918
-5.3%
5+ 12
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
810+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 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. 50% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days20 Days0.1%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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.

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

About Channahon Township, IL

There are 41 homes are for sale in Channahon Township, IL real estate market. The number of listings in Channahon Township, IL increased by 2.5% between October 2022 and November 2022. Listings spent 20 days on the market in November 2022, and had a median list price of $330,500 during the same period. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0.6% more expensive, 3 bedrooms properties became 13% more expensive, the cost of 4 bedrooms properties went up by 4.1%, the cost of 5 bedrooms properties went up by 26.2%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went up by 5.6%, the quantity of 4 bedrooms homes went down by 5.3%, 5 bedrooms homes inventory increased by 100%. Over 5 listings were sold over their listed price in November 2022 in Channahon Township, IL. In the same period over 4 listings were sold below the listed price and 1 listings were sold for the listed price.

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