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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chenoa Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Chenoa Township, IL

How much do homes in Chenoa Township, IL cost?

Median Sold Price

$138,000

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$3,000(+2.2%)

Key Takeaway

Homes in Chenoa Township have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Chenoa Township was $138,000 in September 2024, up 2.2% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $107K$113.5K
+6.1%
3 $152.5K$130K
-14.8%
4 $90K$201K
+123.3%
5+ $209.5K$209.5K
0.0%

Summary: Chenoa Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 123.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lexington Township
+52.8%
Chenoa Township
+2.2%
Chenoa
+2.2%

Housing Supply in Chenoa Township, IL

How many homes are available in Chenoa Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
94-55.6%

Summary: The Chenoa Township real estate market had 4 homes for sale in September 2024, a 55.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 41
-75.0%
4 12
+100.0%
5+ 10
-100.0%

Summary: The Chenoa Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 75%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chenoa Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Chenoa Township in September 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Chenoa Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
5 Days2 Days-62.5%

Summary: Homes in Chenoa Township had an average of 2 days on market in Sep 2024, down by 62.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chenoa Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Chenoa Township; 100% of homes were sold within 30 days, 0% 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 Sep 1, 2024

Newest Listings in Chenoa Township, IL

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