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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Monroe Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Monroe Township, IL

How much do homes in Monroe Township, IL cost?

Median Sold Price

$268,500

$117/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$92,000(+52.1%)

Key Takeaway

Homes in Monroe Township have sold for 52.1% more than they did a month ago.

Summary: The median home sold price in Monroe Township was $268,500 in March 2024, up 52.1% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $176.5K$268.5K
+52.1%
4 --
N/A
5+ --
N/A

Summary: Monroe Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 52.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Monroe Township
+52.1%
Scott Township
-11.6%

Housing Supply in Monroe Township, IL

How many homes are available in Monroe Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
45+25.0%

Summary: The Monroe Township real estate market had 5 homes for sale in March 2024, a 25.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Monroe Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Monroe Township in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Monroe Township, IL

How long does it take to sell a home in Monroe Township, IL?

Average Sale Time

Feb 2024Mar 2024CHANGE
10 Days188 Days+1780.0%

Summary: Homes in Monroe Township had an average of 188 days on market in Mar 2024, up by 1780% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Monroe Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 1 homes were sold in Monroe Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 22 Days Ago

Newest Listings in Monroe Township, IL

Nearby Markets to Monroe Township, IL

What housing markets are near Monroe Township, IL?