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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chenoa is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Chenoa has remained a Seller's Market.

Key Takeaway

Chenoa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chenoa, IL

How much do homes in Chenoa, IL cost?

Median Sold Price

$133,900

$80/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$4,600(-3.3%)

Key Takeaway

Homes in Chenoa have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in Chenoa was $133,900 in March 2024, down 3.3% from last year, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $119.4K$95K
-20.4%
3 $152.5K$140.5K
-7.9%
4 $150K$148K
-1.3%
5+ $190K$229K
+20.5%

Summary: Chenoa 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 decreased by 20.4%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 20.5%.

Median Sold Price Compared To Nearby Cities

Chenoa
-3.3%
Chenoa Township
-3.3%

Housing Supply in Chenoa, IL

How many homes are available in Chenoa, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
880.0%

Summary: The Chenoa real estate market had 8 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 11
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Chenoa 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chenoa, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Chenoa in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Chenoa, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
3 Days50 Days+1335.7%

Summary: Homes in Chenoa had an average of 50 days on market in Mar 2024, up by 1335.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Chenoa has remained consistent over time.

Summary: During March 2024, 4 homes were sold in Chenoa; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 15 Days Ago

Newest Listings in Chenoa, IL

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