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 May 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

$299,450

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$13,700(+4.8%)

Key Takeaway

Homes in Monee have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Monee was $299,450 in May 2024, up 4.8% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $191K$222.5K
+16.5%
3 $260K$284.9K
+9.6%
4 $324.5K$415K
+27.9%
5+ $277.4K$367.5K
+32.5%

Summary: Monee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes increased by 32.5%.

Median Sold Price Compared To Nearby Cities

Monee
+4.8%
Monee Township
+0.6%
University Park
0.0%

Housing Supply in Monee, IL

How many homes are available in Monee, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4048+20.0%

Summary: The Monee real estate market had 48 homes for sale in May 2024, a 20.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1314
+7.7%
4 1924
+26.3%
5+ 34
+33.3%

Summary: The Monee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
137-46.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monee, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Monee in May 2024, down by 46.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 71% were sold at asking, and 14% 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

May 2023May 2024CHANGE
10 Days44 Days+317.6%

Summary: Homes in Monee had an average of 44 days on market in May 2024, up by 317.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Monee has remained consistent over time.

Summary: During May 2024, 7 homes were sold in Monee; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Monee, IL

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