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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manteno is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Manteno, IL

How much do homes in Manteno, IL cost?

Median Sold Price

$285,500

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,500(+2.7%)

Key Takeaway

Homes in Manteno have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Manteno was $285,500 in May 2024, up 2.7% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $201K$214.9K
+6.9%
3 $283.4K$280.9K
-0.9%
4 $305K$360.9K
+18.3%
5+ $395K$430K
+8.9%

Summary: Manteno housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 8.9%.

Median Sold Price Compared To Nearby Cities

Manteno Township
+6.7%
Manteno
+2.7%

Housing Supply in Manteno, IL

How many homes are available in Manteno, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4754+14.9%

Summary: The Manteno real estate market had 54 homes for sale in May 2024, a 14.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 2428
+16.7%
4 1619
+18.8%
5+ 13
+200.0%

Summary: The Manteno 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 decreased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Apr 2024May 2024CHANGE
816+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manteno, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Manteno in May 2024, up by 100.0% month-over-month. Of the 16 sold homes, 25% were sold under asking, 31% were sold at asking, and 44% 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

May 2023May 2024CHANGE
28 Days30 Days+7.7%

Summary: Homes in Manteno had an average of 30 days on market in May 2024, up by 7.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 16 homes were sold in Manteno; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

Newest Listings in Manteno, IL

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