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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manito is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Manito has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Manito, IL

How much do homes in Manito, IL cost?

Median Sold Price

$137,000

$82/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$46,001(+50.6%)

Key Takeaway

Homes in Manito have sold for 50.6% more than they did a month ago.

Summary: The median home sold price in Manito was $137,000 in November 2024, up 50.6% from last month, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $85.4K-
N/A
3 $120K$137K
+14.2%
4 --
N/A
5+ --
N/A

Summary: Manito housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Spring Lake Township
+57.8%
Manito
+50.6%

Housing Supply in Manito, IL

How many homes are available in Manito, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1613-18.8%

Summary: The Manito real estate market had 13 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 53
-40.0%
3 109
-10.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Manito housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manito, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Manito in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Manito, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
103 Days33 Days-67.8%

Summary: Homes in Manito had an average of 33 days on market in Nov 2024, down by 67.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Manito; 60% of homes were sold within 30 days, 40% 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 3 Days Ago

Newest Listings in Manito, IL

Nearby Markets to Manito, IL