Is Mendota Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mendota Township has remained a Seller's Market.
Housing Prices in Mendota Township, IL
How much do homes in Mendota Township, IL cost?
Median Sold Price
$130,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mendota Township was $130,000 in March 2024, up 8.2% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $92.5K | $75K | -18.9% |
3 Bedrooms | $143K | $149.9K | +4.8% |
4 Bedrooms | $99.7K | $130K | +30.3% |
5+ Bedrooms | $92.1K | $189.5K | +105.7% |
Summary: Mendota 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 18.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 105.7%.
Median Sold Price Compared To Nearby Cities
Mendota | $118.5K | $130K | +9.7% |
Mendota Township | $120.2K | $130K | +8.2% |
Housing Supply in Mendota Township, IL
How many homes are available in Mendota Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Summary: The Mendota Township real estate market had 20 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Mendota 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 decreased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mendota Township in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Mendota Township, IL
How long does it take to sell a home in Mendota Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 40 Days | -19.3% |
Summary: Homes in Mendota Township had an average of 40 days on market in Mar 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Mendota Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.