Is Monee 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, 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
$209,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monee Township was $209,000 in April 2024, down 5% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55.5K | - | N/A |
2 Bedrooms | $155K | $131.4K | -15.2% |
3 Bedrooms | $195K | $175K | -10.3% |
4 Bedrooms | $284.9K | $295.5K | +3.7% |
5+ Bedrooms | $275.5K | $350K | +27.0% |
Summary: Monee Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.2%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
Monee | $289.9K | $299.9K | +3.5% |
Richton Park | $184K | $190.2K | +3.4% |
Park Forest | $140.1K | $140.5K | 0.3% |
University Park | $175K | $175K | 0.0% |
Monee Township | $220K | $209K | -5.0% |
Housing Supply in Monee Township, IL
How many homes are available in Monee Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 93 | +12.0% |
Summary: The Monee Township real estate market had 93 homes for sale in April 2024, a 12.0% 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 | 12 | 9 | -25.0% |
3 Bedrooms | 38 | 46 | +21.1% |
4 Bedrooms | 30 | 35 | +16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Monee 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 25%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 22 | +69.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Monee Township in April 2024, up by 69.2% month-over-month. Of the 22 sold homes, 32% were sold under asking, 27% were sold at asking, and 41% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 24 Days | -49.9% |
Summary: Homes in Monee Township had an average of 24 days on market in Apr 2024, down by 49.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Monee Township; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.