Is Monee, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Monee was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $191K | $221.2K | +15.8% |
3 Bedrooms | $270K | $275K | +1.9% |
4 Bedrooms | $313.5K | $417.5K | +33.2% |
5+ Bedrooms | $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 | $290K | $294K | +1.4% |
University Park | $176.5K | $175K | -0.8% |
Monee Township | $224.9K | $203.3K | -9.6% |
Housing Supply in Monee, IL
How many homes are available in Monee, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 40 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 4 | 3 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 49 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
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.