Is Chemung 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, Chemung Township has remained a Buyer's Market.
Housing Prices in Chemung Township, IL
How much do homes in Chemung Township, IL cost?
Median Sold Price
$209,900
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chemung Township was $209,900 in April 2024, up 11.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | - | N/A |
2 Bedrooms | $120K | $163.5K | +36.3% |
3 Bedrooms | $194K | $225K | +16.0% |
4 Bedrooms | $190.7K | $200K | +4.8% |
5+ Bedrooms | $340K | $196K | -42.4% |
Summary: Chemung 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 increased by 36.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 42.4%.
Median Sold Price Compared To Nearby Cities
Alden Township | $350K | $435K | +24.3% |
Harvard | $189K | $234.2K | +23.9% |
Dunham Township | $220K | $260K | +18.2% |
Chemung Township | $189K | $209.9K | +11.1% |
Housing Supply in Chemung Township, IL
How many homes are available in Chemung Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Summary: The Chemung Township real estate market had 19 homes for sale in April 2024, a 5.0% decrease 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 | 0 | 2 | +100.0% |
3 Bedrooms | 15 | 12 | -20.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Chemung 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 increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 2 | -77.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Chemung Township in April 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Chemung Township, IL
How long does it take to sell a home in Chemung Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 21 Days | -18.9% |
Summary: Homes in Chemung Township had an average of 21 days on market in Apr 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Chemung Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.