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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monee Township is a seller's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in Monee Township, IL cost?

Median Sold Price

$222,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$32,500(+17.2%)

Key Takeaway

Homes in Monee Township have sold for 17.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 -$55.5K
N/A
2 $158.7K$174.9K
+10.2%
3 $180K$210K
+16.7%
4 $215K$274.9K
+27.9%
5+ $326.2K$268K
-17.9%

Median Sold Price Compared To Nearby Cities

Monee
+17.5%
Monee Township
+17.2%
Park Forest
+16.9%
University Park
+14.2%
Richton Park
+3.9%

How many homes are available in Monee Township, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
109104-4.6%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 22
0.0%
2 1210
-16.7%
3 5655
-1.8%
4 3432
-5.9%
5+ 55
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
1324+84.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monee Township, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Average Sale Time

Dec 2021Dec 2022%
32 Days40 Days+22.7%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Monee Township, IL

Number of homes for sale in Monee Township, IL real estate market have reached 104. The inventory of homes for sale in Monee Township, IL between November 2022 and December 2022 decreased by 4.6%. While the average time on the market in December 2022 was 40 days, the median list price was $222,000. Listing prices have changed in this real estate market between November 2022 and December 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 10.2%, prices of 3 bedrooms properties increased by 16.7%, prices of 4 bedrooms properties went up by 27.9%, 5 bedrooms properties prices decreased by 17.9%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 16.7%, 3 bedrooms homes inventory decreased by 1.8%, number of 4 bedrooms homes decreased by 5.9%, 5 bedrooms homes did not move. While more than 11 listings in Monee Township, IL in December 2022 were sold above asking price, there were more than 4 listings sold at asking price, and more than 9 were sold below.

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