Is Chebanse Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chebanse Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Chebanse Township has remained a Seller's Market.

Key Takeaway

Chebanse Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chebanse Township, IL

How much do homes in Chebanse Township, IL cost?

Median Sold Price

$213,750

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$60,550(+39.5%)

Key Takeaway

Homes in Chebanse Township have sold for 39.5% more than they did a year ago.

Summary: The median home sold price in Chebanse Township was $213,750 in May 2024, up 39.5% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $121K$143.5K
+18.6%
3 $151.5K$235K
+55.1%
4 $251K$289.5K
+15.3%
5+ $299.9K$285.5K
-4.8%

Summary: Chebanse 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 increased by 18.6%, 3 bedroom homes increased by 55.1%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Cities

Chebanse
+50.8%
Clifton
+41.8%
Chebanse Township
+39.5%
Otto Township
-9.1%

Housing Supply in Chebanse Township, IL

How many homes are available in Chebanse Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
550.0%

Summary: The Chebanse Township real estate market had 5 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 22
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Chebanse 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chebanse Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Chebanse Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Chebanse Township, IL

How long does it take to sell a home in Chebanse Township, IL?

Average Sale Time

May 2023May 2024CHANGE
7 Days55 Days+665.5%

Summary: Homes in Chebanse Township had an average of 55 days on market in May 2024, up by 665.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Chebanse Township has remained consistent over time.

Summary: During May 2024, 2 homes were sold in Chebanse Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Chebanse Township, IL

Nearby Markets to Chebanse Township, IL

What housing markets are near Chebanse Township, IL?