Is Monee, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Monee has remained a Seller's Market.
Housing Prices in Monee, IL
How much do homes in Monee, IL cost?
Median Sold Price
$299,950
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monee was $299,950 in April 2024, up 3.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $191K | $220K | +15.2% |
3 Bedrooms | $265K | $284.9K | +7.5% |
4 Bedrooms | $319.5K | $420K | +31.5% |
5+ Bedrooms | $220K | $407K | +85.0% |
Summary: Monee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes increased by 85%.
Median Sold Price Compared To Nearby Cities
Monee | $289.9K | $299.9K | +3.5% |
University Park | $175K | $175K | 0.0% |
Monee Township | $220K | $209K | -5.0% |
Housing Supply in Monee, IL
How many homes are available in Monee, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 43 | +7.5% |
Summary: The Monee real estate market had 43 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 18 | 22 | +22.2% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Monee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Monee in April 2024, up by 116.7% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for Monee, IL
How long does it take to sell a home in Monee, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 22 Days | -16.8% |
Summary: Homes in Monee had an average of 22 days on market in Apr 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Monee; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.