Is Channahon, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$365,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Channahon was $365,500 in June 2024, up 7.7% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $246K | $280K | +13.8% |
3 Bedrooms | $317.5K | $352.5K | +11.0% |
4 Bedrooms | $375K | $411.3K | +9.7% |
5+ Bedrooms | $397.5K | $370K | -6.9% |
Summary: Channahon housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Cities
Elwood | $260K | $310.5K | +19.4% |
Aux Sable Township | $300K | $346.3K | +15.5% |
Channahon | $339.4K | $365.5K | +7.7% |
Channahon | $339.9K | $365.5K | +7.5% |
Channahon Township | $346K | $365K | +5.5% |
Housing Supply in Channahon, IL
How many homes are available in Channahon, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
84 | 89 | +6.0% |
Summary: The Channahon real estate market had 89 homes for sale in June 2024, a 6.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 50 | 51 | +2.0% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Channahon housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Channahon in June 2024, up by 4.5% month-over-month. Of the 23 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
55 Days | 19 Days | -64.4% |
Summary: Homes in Channahon had an average of 19 days on market in Jun 2024, down by 64.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 23 homes were sold in Channahon; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.