Is Monticello 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, Monticello Township has remained a Seller's Market.
Housing Prices in Monticello Township, IL
How much do homes in Monticello Township, IL cost?
Median Sold Price
$255,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Monticello Township was $255,000 in May 2024, up 41.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $120K | -11.1% |
2 Bedrooms | $118.7K | $157.9K | +33.0% |
3 Bedrooms | $210K | $255K | +21.4% |
4 Bedrooms | $302.4K | $346K | +14.4% |
5+ Bedrooms | $277.5K | $230K | -17.1% |
Summary: Monticello Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 33%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Cities
Monticello Township | $179.9K | $255K | +41.7% |
Monticello | $180K | $253.8K | +41.0% |
Sangamon Township | $360K | $375K | +4.2% |
Housing Supply in Monticello Township, IL
How many homes are available in Monticello Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Summary: The Monticello Township real estate market had 37 homes for sale in May 2024, a 5.7% 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 | 7 | 6 | -14.3% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Monticello 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 decreased by 14.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Monticello Township in May 2024, up by 128.6% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.
Days on Market for Monticello Township, IL
How long does it take to sell a home in Monticello Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 40 Days | +19.7% |
Summary: Homes in Monticello Township had an average of 40 days on market in May 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Monticello Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.