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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mahomet Township is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Mahomet Township, IL cost?

Median Sold Price

$318,250

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$25,125(+8.6%)

Key Takeaway

Homes in Mahomet Township have sold for 8.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $175K$235K
+34.3%
3 $261.2K$270K
+3.3%
4 $327K$350K
+7.0%
5+ $436.4K$540K
+23.7%

Median Sold Price Compared To Nearby Cities

Mahomet Township
+8.6%
Mahomet
+7.0%
Scott Township
-2.6%

How many homes are available in Mahomet Township, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
7058-17.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 31
-66.7%
3 2924
-17.2%
4 3328
-15.2%
5+ 55
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
1916-15.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mahomet Township, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
13 Days43 Days+227.4%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mahomet Township has remained consistent over time.

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

About Mahomet Township, IL

Mahomet Township, IL has 58 homes on the market. In October 2022 in Mahomet Township, IL there were 17.1% less homes for sale than in September 2022. Listings spent 43 days on the market in October 2022, and had a median list price of $318,250 during the same period. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 34.3%, 3 bedrooms properties became 3.3% more expensive, 4 bedrooms properties became 7% more expensive, prices of 5 bedrooms properties went up by 23.7%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 66.7%, volume of 3 bedrooms homes went down by 17.2%, number of 4 bedrooms homes decreased by 15.2%, volume of 5 bedrooms homes stayed the same. In October 2022 more than 3 listings in Mahomet Township, IL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 11 were sold below.

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