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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monee is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Monee, IL

How much do homes in Monee, IL cost?

Median Sold Price

$300,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$25,000(+9.1%)

Key Takeaway

Homes in Monee have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Monee was $300,000 in June 2024, up 9.1% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $191K$227.5K
+19.1%
3 $259.9K$287.5K
+10.6%
4 $324K$415K
+28.1%
5+ $277.4K$370K
+33.4%

Summary: Monee housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 33.4%.

Median Sold Price Compared To Nearby Cities

Monee Township
+9.9%
Monee
+9.1%
University Park
+4.9%

Housing Supply in Monee, IL

How many homes are available in Monee, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
4544-2.2%

Summary: The Monee real estate market had 44 homes for sale in June 2024, a 2.2% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1414
0.0%
4 2221
-4.5%
5+ 33
0.0%

Summary: The Monee housing inventory by bedroom type for June 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 4.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monee, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Monee in June 2024, up by 57.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% 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

Jun 2023Jun 2024CHANGE
182 Days23 Days-87.1%

Summary: Homes in Monee had an average of 23 days on market in Jun 2024, down by 87.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was 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 June 2024, 11 homes were sold in Monee; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 26 Days Ago

Newest Listings in Monee, IL

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