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

Housing Market Conditions



Gauge showing Channahon is a seller's market


Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Channahon, IL

How much do homes in Channahon, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Channahon have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Channahon was $363,067 in March 2024, up 8.4% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
2 $215K$295.5K
3 $310.5K$357.4K
4 $370K$415.5K
5+ $367K$375.5K

Summary: Channahon 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 37.4%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Aux Sable Township
Channahon Township

Housing Supply in Channahon, IL

How many homes are available in Channahon, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Channahon real estate market had 72 homes for sale in March 2024, a 24.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
2 810
3 2936
4 1723
5+ 43

Summary: The Channahon 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 25%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Channahon, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Channahon in March 2024, up by 157.1% month-over-month. Of the 18 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Channahon, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
44 Days30 Days-31.9%

Summary: Homes in Channahon had an average of 30 days on market in Mar 2024, down by 31.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 18 homes were sold in Channahon; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 21 Days Ago

Newest Listings in Channahon, IL

Nearby Markets to Channahon, IL

What housing markets are near Channahon, IL?