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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manteno Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Manteno Township, IL

How much do homes in Manteno Township, IL cost?

Median Sold Price

$289,900

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$3,000(+1.0%)

Key Takeaway

Homes in Manteno Township have sold for 1% more than they did a year ago.

Summary: The median home sold price in Manteno Township was $289,900 in March 2024, up 1% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $222.5K$186.8K
-16.0%
3 $286.9K$285K
-0.7%
4 $305K$338.7K
+11.1%
5+ $365K$401.5K
+10.0%

Summary: Manteno 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 decreased by 16%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

Bourbonnais
+14.3%
Peotone Township
+13.5%
Manteno Township
+1.0%
Manteno
-5.8%

Housing Supply in Manteno Township, IL

How many homes are available in Manteno Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3444+29.4%

Summary: The Manteno Township real estate market had 44 homes for sale in March 2024, a 29.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1523
+53.3%
4 1013
+30.0%
5+ 32
-33.3%

Summary: The Manteno 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 remained the same, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manteno Township, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Manteno Township in March 2024, up by 83.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.

Days on Market for Manteno Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
41 Days42 Days+4.1%

Summary: Homes in Manteno Township had an average of 42 days on market in Mar 2024, up by 4.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 11 homes were sold in Manteno Township; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% 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 18 Days Ago

Newest Listings in Manteno Township, IL

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What housing markets are near Manteno Township, IL?