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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Channahon is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Channahon was a Seller's Market.

Key Takeaway

Channahon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Channahon, IL cost?

Median Sold Price

$316,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$26,066(+9.0%)

Key Takeaway

Homes in Channahon have sold for 9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $85K-
N/A
2 $210K$216.7K
+3.2%
3 $265.1K$295K
+11.3%
4 $340K$360K
+5.9%
5+ $330K$410K
+24.2%

Median Sold Price Compared To Nearby Cities

Channahon
+11.7%
Aux Sable Township
+10.3%
Channahon
+9.0%
Channahon Township
+8.6%
Elwood
-4.0%

How many homes are available in Channahon, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
6062+3.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 54
-20.0%
3 3230
-6.3%
4 2125
+19.0%
5+ 23
+50.0%

Number of Homes Sold

Aug 2022Sep 2022%
228-63.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Channahon, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
15 Days23 Days+49.5%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 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 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, IL

Homes for sale in Channahon, IL have reached 62. The number of homes for sale in Channahon, IL increased by 3.3% between August 2022 and September 2022. In September 2022, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $316,000. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 3.2%, 3 bedrooms properties prices increased by 11.3%, 4 bedrooms properties prices increased by 5.9%, 5 bedrooms properties became 24.2% more expensive. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 20%, 3 bedrooms homes inventory decreased by 6.3%, 4 bedrooms homes became 19% more available, 5 bedrooms homes became 50% more available. While more than 2 listings in Channahon, IL in September 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 5 were sold below.

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