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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canteen Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Canteen Township was a Seller's Market.

Key Takeaway

Canteen Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Canteen Township, IL

How much do homes in Canteen Township, IL cost?

Median Sold Price

$38,000

$35/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$37,000(-49.3%)

Key Takeaway

Homes in Canteen Township have sold for 49.3% less than they did a year ago.

Summary: The median home sold price in Canteen Township was $38,000 in November 2024, down 49.3% from last year, and the median price per square foot was $35.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$20K
N/A
2 $35K$27.2K
-22.1%
3 $87.2K$66.5K
-23.8%
4 $157.5K$80K
-49.2%
5+ $194K-
N/A

Summary: Canteen Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.1%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 49.2%, and 5+ bedroom homes did not change.

Housing Supply in Canteen Township, IL

How many homes are available in Canteen Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
912+33.3%

Summary: The Canteen Township real estate market had 12 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 45
+25.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Canteen Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
02+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 Canteen 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 Canteen Township in November 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 Canteen Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days85 Days+120.8%

Summary: Homes in Canteen Township had an average of 85 days on market in Nov 2024, up by 120.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Canteen Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

Newest Listings in Canteen Township, IL

Nearby Markets to Canteen Township, IL

What housing markets are near Canteen Township, IL?