Is Cunningham Township, 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, Cunningham Township has remained a Seller's Market.
Housing Prices in Cunningham Township, IL
How much do homes in Cunningham Township, IL cost?
Median Sold Price
$203,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cunningham Township was $203,000 in May 2024, up 19.4% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72.5K | $82.2K | +13.4% |
2 Bedrooms | $122.5K | $137.5K | +12.2% |
3 Bedrooms | $180.5K | $221K | +22.4% |
4 Bedrooms | $220K | $245K | +11.4% |
5+ Bedrooms | $230K | $240K | +4.3% |
Summary: Cunningham Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Cunningham Township | $170K | $203K | +19.4% |
Urbana Township | $169.9K | $198.5K | +16.8% |
Champaign | $184.9K | $215.1K | +16.3% |
Urbana | $172.1K | $198.6K | +15.4% |
Housing Supply in Cunningham Township, IL
How many homes are available in Cunningham Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
146 | 153 | +4.8% |
Summary: The Cunningham Township real estate market had 153 homes for sale in May 2024, a 4.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 26 | 33 | +26.9% |
3 Bedrooms | 79 | 77 | -2.5% |
4 Bedrooms | 26 | 30 | +15.4% |
5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Cunningham 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 increased by 26.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 44 | -4.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Cunningham Township in May 2024, down by 4.3% month-over-month. Of the 44 sold homes, 36% were sold under asking, 30% were sold at asking, and 34% were sold over asking.
Days on Market for Cunningham Township, IL
How long does it take to sell a home in Cunningham Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 43 Days | +14.2% |
Summary: Homes in Cunningham Township had an average of 43 days on market in May 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Cunningham Township; 70% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.