Is Monee Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Monee Township was a Seller's Market.
Housing Prices in Monee Township, IL
How much do homes in Monee Township, IL cost?
Median Sold Price
$214,166
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Monee Township was $214,166 in May 2024, up 0.6% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55.5K | - | N/A |
2 Bedrooms | $134.5K | $131.4K | -2.3% |
3 Bedrooms | $190K | $175K | -7.9% |
4 Bedrooms | $284.9K | $291.2K | +2.2% |
5+ Bedrooms | $280.7K | $330K | +17.5% |
Summary: Monee Township 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 2.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
Richton Park | $183K | $194K | +6.0% |
Monee | $285.7K | $299.4K | +4.8% |
Monee Township | $212.8K | $214.1K | +0.6% |
Park Forest | $140K | $140.7K | 0.5% |
University Park | $175K | $175K | 0.0% |
Housing Supply in Monee Township, IL
How many homes are available in Monee Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
87 | 101 | +16.1% |
Summary: The Monee Township real estate market had 101 homes for sale in May 2024, a 16.1% 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 | 10 | 10 | 0.0% |
3 Bedrooms | 43 | 46 | +7.0% |
4 Bedrooms | 30 | 39 | +30.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Monee Township 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 remained the same, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 16 | -30.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Monee Township in May 2024, down by 30.4% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 41 Days | +85.2% |
Summary: Homes in Monee Township had an average of 41 days on market in May 2024, up by 85.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Monee Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.