Is Mahomet 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, Mahomet Township has remained a Seller's Market.
Housing Prices in Mahomet Township, IL
How much do homes in Mahomet Township, IL cost?
Median Sold Price
$365,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mahomet Township was $365,000 in March 2024, up 10.6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $290K | $327.4K | +12.9% |
3 Bedrooms | $300K | $286.5K | -4.5% |
4 Bedrooms | $350K | $430K | +22.9% |
5+ Bedrooms | $595K | $409.5K | -31.2% |
Summary: Mahomet 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 12.9%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 31.2%.
Median Sold Price Compared To Nearby Cities
Mahomet Township | $330K | $365K | +10.6% |
Mahomet | $330K | $362.5K | +9.8% |
Housing Supply in Mahomet Township, IL
How many homes are available in Mahomet Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 70 | +6.1% |
Summary: The Mahomet Township real estate market had 70 homes for sale in March 2024, a 6.1% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 30 | 28 | -6.7% |
4 Bedrooms | 29 | 34 | +17.2% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Mahomet 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 increased by 66.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 20 | +122.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Mahomet Township in March 2024, up by 122.2% month-over-month. Of the 20 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Mahomet Township, IL
How long does it take to sell a home in Mahomet Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 73 Days | +153.9% |
Summary: Homes in Mahomet Township had an average of 73 days on market in Mar 2024, up by 153.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Mahomet Township; 55% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.