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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monticello Township is a seller's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Monticello Township was a Buyer's Market.

Key Takeaway

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

How much do homes in Monticello Township, IL cost?

Median Sold Price

$180,500

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$25,777(+16.7%)

Key Takeaway

Homes in Monticello Township have sold for 16.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $822.5K-
N/A
2 $114K$117.5K
+3.1%
3 $161K$190.2K
+18.1%
4 $252.7K$280K
+10.8%
5+ $380K$525K
+38.2%

Median Sold Price Compared To Nearby Cities

White Heath
+26.6%
Monticello
+19.8%
Monticello Township
+16.7%
Sangamon Township
+1.9%

How many homes are available in Monticello Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
1916-15.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 01
+100.0%
2 98
-11.1%
3 74
-42.9%
4 33
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
45+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monticello Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days18 Days-10.0%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monticello 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 Monticello Township, IL

Monticello Township, IL has 16 homes for sale to choose from. Between October 2022 and November 2022, Monticello Township, IL real estate market has seen decrease in the number of listings by 15.8%. While the average time on the market in November 2022 was 18 days, the median list price was $180,500. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 3.1%, 3 bedrooms properties became 18.1% more expensive, 4 bedrooms properties became 10.8% more expensive, 5 bedrooms properties became 38.2% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 100%, number of 2 bedrooms homes decreased by 11.1%, number of 3 bedrooms homes decreased by 42.9%, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes stayed the same. While more than 1 listings in Monticello Township, IL in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.