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 November 2021

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.

How much do homes in Chenoa, IL cost?

Median Sold Price

$138,000

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$28,000(+25.5%)

Key Takeaway

Homes in Chenoa have sold for 25.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $92K$125K
+35.9%
3 $120K$138K
+15.0%
4 $110K$150.1K
+36.5%
5+ $118K$195.5K
+65.7%

Median Sold Price Compared To Nearby Cities

Chenoa
+25.5%
Chenoa Township
+24.3%

How many homes are available in Chenoa, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
1110-9.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 33
0.0%
3 64
-33.3%
4 12
+100.0%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
36+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 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, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
13 Days6 Days-50.0%

Breakdown of Home Sale Times

6 Homes Were 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 Chenoa are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Chenoa, IL

Chenoa, IL has 10 homes on the market. The number of homes for sale in Chenoa, IL decreased by 9.1% between October 2022 and November 2022. The median list price of listings available in November 2022 was $138,000, while the average time on the real estate market was 6 days. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 35.9%, prices of 3 bedrooms properties went up by 15%, the cost of 4 bedrooms properties went up by 36.5%, prices of 5 bedrooms properties went up by 65.7%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes went down by 33.3%, the quantity of 4 bedrooms homes went up by 100%, the quantity of 5 bedrooms homes have not changed. Chenoa, IL housing market in November 2022 saw over 0 listings sold above listed price, more than 4 sold at listed price and over 2 sold below.