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 2020

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

$189,000

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$34,000(+21.9%)

Key Takeaway

Homes in Monee Township have sold for 21.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $14.5K-
N/A
2 $120K$158.7K
+32.3%
3 $154.9K$177K
+14.3%
4 $206.5K$217K
+5.1%
5+ $215K$326.2K
+51.7%

Median Sold Price Compared To Nearby Cities

Park Forest
+54.3%
University Park
+42.6%
Monee Township
+21.9%
Monee
+18.2%
Richton Park
+14.1%

How many homes are available in Monee Township, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
137128-6.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 1515
0.0%
3 6561
-6.2%
4 4744
-6.4%
5+ 108
-20.0%

Number of Homes Sold

Nov 2021Dec 2021%
2824-14.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 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. 54.2% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
45 Days35 Days-22.3%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 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.

About Monee Township, IL

Monee Township, IL has 128 homes on the market. The number of listings in Monee Township, IL decreased by 6.6% between November 2021 and December 2021. In December 2021, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $189,000. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 32.3%, 3 bedrooms properties prices increased by 14.3%, 4 bedrooms properties prices increased by 5.1%, 5 bedrooms properties became 51.7% more expensive. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 6.2%, 4 bedrooms homes became 6.4% less available, 5 bedrooms homes became 20% less available. In December 2021 more than 13 listings in Monee Township, IL were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 7 were sold below.

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