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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monee is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Monee was a Seller's Market.

Key Takeaway

Monee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Monee, IL

How much do homes in Monee, IL cost?

Median Sold Price

$294,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$4,000(+1.4%)

Key Takeaway

Homes in Monee have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Monee was $294,000 in March 2024, up 1.4% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $191K$221.2K
+15.8%
3 $270K$275K
+1.9%
4 $313.5K$417.5K
+33.2%
5+ $220K$370K
+68.2%

Summary: Monee 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 increased by 15.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes increased by 68.2%.

Median Sold Price Compared To Nearby Cities

Monee
+1.4%
University Park
-0.8%
Monee Township
-9.6%

Housing Supply in Monee, IL

How many homes are available in Monee, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3940+2.6%

Summary: The Monee real estate market had 40 homes for sale in March 2024, a 2.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1414
0.0%
4 1819
+5.6%
5+ 43
-25.0%

Summary: The Monee 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
660.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monee, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Monee in March 2024, the same as the previous month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Monee, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
42 Days49 Days+17.5%

Summary: Homes in Monee had an average of 49 days on market in Mar 2024, up by 17.5% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 6 homes were sold in Monee; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Monee, IL

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