Is Chebanse Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chebanse Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Chebanse Township has remained a Neutral Market.

Key Takeaway

Chebanse Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Chebanse Township, IL

How much do homes in Chebanse Township, IL cost?

Median Sold Price

$271,500

$135/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$92,600(+51.8%)

Key Takeaway

Homes in Chebanse Township have sold for 51.8% more than they did a month ago.

Summary: The median home sold price in Chebanse Township was $271,500 in March 2024, up 51.8% from last month, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $178.9K$271.5K
+51.8%
4 --
N/A
5+ --
N/A

Summary: Chebanse Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 51.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Chebanse Township
+51.8%
Chebanse
+51.8%

Housing Supply in Chebanse Township, IL

How many homes are available in Chebanse Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
76-14.3%

Summary: The Chebanse Township real estate market had 6 homes for sale in March 2024, a 14.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 43
-25.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Chebanse 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chebanse Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Chebanse Township in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Chebanse Township, IL

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

Average Sale Time

Feb 2024Mar 2024CHANGE
13 Days20 Days+53.8%

Summary: Homes in Chebanse Township had an average of 20 days on market in Mar 2024, up by 53.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 1 homes were sold in Chebanse Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 26 Days Ago

Newest Listings in Chebanse Township, IL

Nearby Markets to Chebanse Township, IL

What housing markets are near Chebanse Township, IL?