Is Monee Township, 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 Township was a Seller's Market.
Housing Prices in Monee Township, IL
How much do homes in Monee Township, IL cost?
Median Sold Price
$203,333
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Monee Township was $203,333 in March 2024, down 9.6% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55.5K | - | N/A |
2 Bedrooms | $164.9K | $131.4K | -20.3% |
3 Bedrooms | $210K | $175K | -16.7% |
4 Bedrooms | $290K | $279.9K | -3.5% |
5+ Bedrooms | $268K | $321.4K | +20.0% |
Summary: Monee Township 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 decreased by 20.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
Richton Park | $175K | $195K | +11.4% |
Monee | $290K | $294K | +1.4% |
Park Forest | $140K | $140K | 0.0% |
University Park | $176.5K | $175K | -0.8% |
Monee Township | $224.9K | $203.3K | -9.6% |
Housing Supply in Monee Township, IL
How many homes are available in Monee Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 87 | +6.1% |
Summary: The Monee Township real estate market had 87 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 40 | 40 | 0.0% |
4 Bedrooms | 29 | 32 | +10.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Monee Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 13 | -31.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Monee Township in March 2024, down by 31.6% month-over-month. Of the 13 sold homes, 69% were sold under asking, 31% were sold at asking, and 0% were sold over asking.
Days on Market for Monee Township, IL
How long does it take to sell a home in Monee Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 32 Days | -14.7% |
Summary: Homes in Monee Township had an average of 32 days on market in Mar 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Monee Township; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.