Is Momence, 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, Momence has remained a Seller's Market.
Housing Prices in Momence, IL
How much do homes in Momence, IL cost?
Median Sold Price
$161,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Momence was $161,000 in March 2024, up 4.3% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84K | $68K | -19.0% |
2 Bedrooms | $140K | $147K | +5.0% |
3 Bedrooms | $162K | $169.9K | +4.9% |
4 Bedrooms | $155K | $178.5K | +15.2% |
5+ Bedrooms | $132.8K | $170K | +28.0% |
Summary: Momence housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 28%.
Median Sold Price Compared To Nearby Cities
Momence Township | $140.5K | $161K | +14.6% |
Momence | $154.4K | $161K | +4.3% |
Housing Supply in Momence, IL
How many homes are available in Momence, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Summary: The Momence real estate market had 18 homes for sale in March 2024, a 12.5% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Momence 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 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Momence in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Momence, IL
How long does it take to sell a home in Momence, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 29 Days | -60.4% |
Summary: Homes in Momence had an average of 29 days on market in Mar 2024, down by 60.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Momence; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.