Is Monticello Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Monticello Township has remained a Seller's Market.
Housing Prices in Monticello Township, IL
How much do homes in Monticello Township, IL cost?
Median Sold Price
$255,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monticello Township was $255,000 in April 2024, up 41.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $120K | -11.1% |
2 Bedrooms | $118.7K | $144K | +21.3% |
3 Bedrooms | $205K | $269.9K | +31.7% |
4 Bedrooms | $315K | $314.9K | 0% |
5+ Bedrooms | $277.5K | - | N/A |
Summary: Monticello Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 31.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Monticello Township | $180K | $255K | +41.7% |
Monticello | $180K | $253.8K | +41.0% |
Sangamon Township | $363.7K | $372.9K | +2.5% |
Housing Supply in Monticello Township, IL
How many homes are available in Monticello Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 33 | +3.1% |
Summary: The Monticello Township real estate market had 33 homes for sale in April 2024, a 3.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Monticello Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Monticello Township in April 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Monticello Township, IL
How long does it take to sell a home in Monticello Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
90 Days | 19 Days | -78.5% |
Summary: Homes in Monticello Township had an average of 19 days on market in Apr 2024, down by 78.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Monticello Township; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.