Is Monee Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Monee Township has remained a Seller's Market.
Housing Prices in Monee Township, IL
How much do homes in Monee Township, IL cost?
Median Sold Price
$209,500
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Monee Township was $209,500 in February 2024, down 6.8% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55.5K | - | N/A |
2 Bedrooms | $167.5K | $175.4K | +4.7% |
3 Bedrooms | $216.2K | $173K | -20.0% |
4 Bedrooms | $279K | $282.5K | +1.3% |
5+ Bedrooms | $244K | $342.4K | +40.3% |
Summary: Monee Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 40.3%.
Median Sold Price Compared To Nearby Cities
Richton Park | $175K | $198K | +13.1% |
Monee | $274.7K | $300K | +9.2% |
Park Forest | $139.9K | $140K | 0.0% |
University Park | $181.2K | $175K | -3.4% |
Monee Township | $224.9K | $209.5K | -6.8% |
Housing Supply in Monee Township, IL
How many homes are available in Monee Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
79 | 87 | +10.1% |
Summary: The Monee Township real estate market had 87 homes for sale in February 2024, a 10.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 37 | 40 | +8.1% |
4 Bedrooms | 31 | 34 | +9.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Monee Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Monee Township in February 2024, up by 12.5% month-over-month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
73 Days | 40 Days | -44.9% |
Summary: Homes in Monee Township had an average of 40 days on market in Feb 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 18 homes were sold in Monee Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.