Is Monee, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Monee has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $191K | $227.5K | +19.1% |
3 Bedrooms | $259.9K | $287.5K | +10.6% |
4 Bedrooms | $324K | $415K | +28.1% |
5+ Bedrooms | $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 | $209.2K | $230K | +9.9% |
Monee | $275K | $300K | +9.1% |
University Park | $172.5K | $181K | +4.9% |
Housing Supply in Monee, IL
How many homes are available in Monee, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
45 | 44 | -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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 22 | 21 | -4.5% |
5+ Bedrooms | 3 | 3 | 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 2024 | Jun 2024 | CHANGE |
---|---|---|
7 | 11 | +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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
182 Days | 23 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
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.