Is Channahon 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, Channahon Township has remained a Seller's Market.
Housing Prices in Channahon Township, IL
How much do homes in Channahon Township, IL cost?
Median Sold Price
$360,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Channahon Township was $360,000 in March 2024, up 5.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $212.5K | $282.5K | +32.9% |
3 Bedrooms | $320K | $350K | +9.4% |
4 Bedrooms | $379.7K | $412.5K | +8.6% |
5+ Bedrooms | $365K | $375.5K | +2.9% |
Summary: Channahon Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.9%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Channahon Township, IL
How many homes are available in Channahon Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 78 | +21.9% |
Summary: The Channahon Township real estate market had 78 homes for sale in March 2024, a 21.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 31 | 38 | +22.6% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Channahon 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 22.2%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 22 | +214.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Channahon Township in March 2024, up by 214.3% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 26 Days | -40.6% |
Summary: Homes in Channahon Township had an average of 26 days on market in Mar 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Channahon Township; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.