Is Manteno, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Manteno has remained a Seller's Market.
Housing Prices in Manteno, IL
How much do homes in Manteno, IL cost?
Median Sold Price
$285,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Manteno was $285,000 in June 2024, up 2.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $189.5K | $214.9K | +13.4% |
3 Bedrooms | $280K | $277.4K | -0.9% |
4 Bedrooms | $314.4K | $351.2K | +11.7% |
5+ Bedrooms | $404K | $430K | +6.4% |
Summary: Manteno housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Manteno Township | $277.6K | $294K | +5.9% |
Manteno | $278K | $285K | +2.5% |
Housing Supply in Manteno, IL
How many homes are available in Manteno, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
54 | 50 | -7.4% |
Summary: The Manteno real estate market had 50 homes for sale in June 2024, a 7.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 28 | 24 | -14.3% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Manteno housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Manteno in June 2024, down by 18.8% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Manteno, IL
How long does it take to sell a home in Manteno, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
32 Days | 15 Days | -52.1% |
Summary: Homes in Manteno had an average of 15 days on market in Jun 2024, down by 52.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 13 homes were sold in Manteno; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.