Is Momence Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Momence Township has remained a Seller's Market.
Housing Prices in Momence Township, IL
How much do homes in Momence Township, IL cost?
Median Sold Price
$166,500
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Momence Township was $166,500 in April 2024, up 18.5% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55.5K | $69.5K | +25.2% |
2 Bedrooms | $120K | $147K | +22.5% |
3 Bedrooms | $158.5K | $174.9K | +10.3% |
4 Bedrooms | $65K | $207.2K | +218.8% |
5+ Bedrooms | $176.8K | - | N/A |
Summary: Momence Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.2%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 218.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Momence Township | $140.5K | $166.5K | +18.5% |
Momence | $154.7K | $166.5K | +7.6% |
Housing Supply in Momence Township, IL
How many homes are available in Momence Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Summary: The Momence Township real estate market had 17 homes for sale in April 2024, a 10.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Momence Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Momence Township in April 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Momence Township, IL
How long does it take to sell a home in Momence Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 23 Days | -60.6% |
Summary: Homes in Momence Township had an average of 23 days on market in Apr 2024, down by 60.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Momence Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.