Is Champaign 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, Champaign Township has remained a Seller's Market.
Housing Prices in Champaign Township, IL
How much do homes in Champaign Township, IL cost?
Median Sold Price
$222,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Champaign Township was $222,000 in May 2024, down 3.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $91K | $110.5K | +21.4% |
2 Bedrooms | $140K | $159.9K | +14.2% |
3 Bedrooms | $216K | $213.9K | -0.9% |
4 Bedrooms | $315K | $330K | +4.8% |
5+ Bedrooms | $329K | $360K | +9.4% |
Summary: Champaign Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Champaign | $184.9K | $215.1K | +16.3% |
Champaign City Township | $182.5K | $205.2K | +12.5% |
Savoy | $350K | $375K | +7.1% |
Champaign Township | $229.5K | $222K | -3.3% |
Housing Supply in Champaign Township, IL
How many homes are available in Champaign Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
267 | 302 | +13.1% |
Summary: The Champaign Township real estate market had 302 homes for sale in May 2024, a 13.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 38 | 39 | +2.6% |
3 Bedrooms | 132 | 136 | +3.0% |
4 Bedrooms | 74 | 97 | +31.1% |
5+ Bedrooms | 20 | 26 | +30.0% |
Summary: The Champaign Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 | 83 | +10.7% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in Champaign Township in May 2024, up by 10.7% month-over-month. Of the 83 sold homes, 28% were sold under asking, 25% were sold at asking, and 47% were sold over asking.
Days on Market for Champaign Township, IL
How long does it take to sell a home in Champaign Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 31 Days | +17.8% |
Summary: Homes in Champaign Township had an average of 31 days on market in May 2024, up by 17.8% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 83 homes were sold in Champaign Township; 77% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.