Is Chenoa, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chenoa has remained a Seller's Market.
Housing Prices in Chenoa, IL
How much do homes in Chenoa, IL cost?
Median Sold Price
$120,000
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chenoa was $120,000 in May 2024, down 20% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $122.2K | $95K | -22.3% |
3 Bedrooms | $152.7K | $126.5K | -17.2% |
4 Bedrooms | $150.3K | $148K | -1.5% |
5+ Bedrooms | $190K | $219.2K | +15.4% |
Summary: Chenoa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.3%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
Chenoa | $150K | $120K | -20.0% |
Chenoa Township | $150.1K | $120K | -20.1% |
Housing Supply in Chenoa, IL
How many homes are available in Chenoa, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Summary: The Chenoa real estate market had 7 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Chenoa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Chenoa in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Chenoa, IL
How long does it take to sell a home in Chenoa, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 40 Days | -27.7% |
Summary: Homes in Chenoa had an average of 40 days on market in May 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Chenoa; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.