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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ganeer Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Ganeer Township, IL

How much do homes in Ganeer Township, IL cost?

Median Sold Price

$185,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$29,000(+18.6%)

Key Takeaway

Homes in Ganeer Township have sold for 18.6% more than they did a year ago.

Summary: The median home sold price in Ganeer Township was $185,000 in May 2024, up 18.6% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $96.5K$65K
-32.6%
2 $142.5K$180K
+26.3%
3 $161.9K$188K
+16.1%
4 $135K$290K
+114.8%
5+ $126K-
N/A

Summary: Ganeer Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.6%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 114.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Momence Township
+18.8%
Ganeer Township
+18.6%
Momence
+10.1%
Aroma Township
+3.9%

Housing Supply in Ganeer Township, IL

How many homes are available in Ganeer Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
78+14.3%

Summary: The Ganeer Township real estate market had 8 homes for sale in May 2024, a 14.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 56
+20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Ganeer Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ganeer Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Ganeer Township in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Ganeer Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
11 Days17 Days+52.1%

Summary: Homes in Ganeer Township had an average of 17 days on market in May 2024, up by 52.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 4 homes were sold in Ganeer Township; 75% of homes were sold within 30 days, 25% 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 21 Days Ago

Newest Listings in Ganeer Township, IL

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