Is Channahon, 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 has remained a Seller's Market.
Housing Prices in Channahon, IL
How much do homes in Channahon, IL cost?
Median Sold Price
$363,067
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $295.5K | +37.4% |
3 Bedrooms | $310.5K | $357.4K | +15.1% |
4 Bedrooms | $370K | $415.5K | +12.3% |
5+ Bedrooms | $367K | $375.5K | +2.3% |
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
Elwood | $240K | $315K | +31.3% |
Aux Sable Township | $300K | $339.9K | +13.3% |
Channahon | $335K | $363K | +8.4% |
Channahon | $335K | $363K | +8.4% |
Channahon Township | $339.9K | $360K | +5.9% |
Housing Supply in Channahon, IL
How many homes are available in Channahon, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 72 | +24.1% |
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 29 | 36 | +24.1% |
4 Bedrooms | 17 | 23 | +35.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
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 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 18 | +157.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 30 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
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.