Is Chemung Township, 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, Chemung Township has remained a Seller's Market.
Housing Prices in Chemung Township, IL
How much do homes in Chemung Township, IL cost?
Median Sold Price
$202,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chemung Township was $202,500 in March 2024, up 7.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | - | N/A |
2 Bedrooms | $127.2K | $163.5K | +28.5% |
3 Bedrooms | $197.5K | $219K | +10.9% |
4 Bedrooms | $190.7K | $200K | +4.8% |
5+ Bedrooms | $340K | $196K | -42.4% |
Summary: Chemung Township 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 28.5%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 42.4%.
Median Sold Price Compared To Nearby Cities
Dunham Township | $218.7K | $259.9K | +18.8% |
Harvard | $195.7K | $225.8K | +15.4% |
Chemung Township | $189K | $202.5K | +7.1% |
Alden Township | $350K | $370K | +5.7% |
Housing Supply in Chemung Township, IL
How many homes are available in Chemung Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Summary: The Chemung Township real estate market had 20 homes for sale in March 2024, a 5.3% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Chemung 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 remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Chemung Township in March 2024, up by 200.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Chemung Township, IL
How long does it take to sell a home in Chemung Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 62 Days | +171.0% |
Summary: Homes in Chemung Township had an average of 62 days on market in Mar 2024, up by 171% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Chemung Township; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.