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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Champaign City Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Champaign City Township, IL

How much do homes in Champaign City Township, IL cost?

Median Sold Price

$224,103

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,413(+15.7%)

Key Takeaway

Homes in Champaign City Township have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Champaign City Township was $224,103 in November 2024, up 15.7% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $113.7K$124.2K
+9.2%
2 $147.5K$162K
+9.8%
3 $190.3K$216.4K
+13.7%
4 $313.5K$330K
+5.3%
5+ $329K$420K
+27.7%

Summary: Champaign City Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 27.7%.

Median Sold Price Compared To Nearby Cities

Champaign
+17.8%
Champaign City Township
+15.7%
Champaign Township
+10.0%
Savoy
-3.3%

Housing Supply in Champaign City Township, IL

How many homes are available in Champaign City Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
246205-16.7%

Summary: The Champaign City Township real estate market had 205 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 42
-50.0%
2 4535
-22.2%
3 11597
-15.7%
4 6654
-18.2%
5+ 1617
+6.3%

Summary: The Champaign City Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8056-30.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Champaign City Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in Champaign City Township in November 2024, down by 30.0% month-over-month. Of the 56 sold homes, 50% were sold under asking, 16% were sold at asking, and 34% were sold over asking.

Days on Market for Champaign City Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days27 Days-17.5%

Summary: Homes in Champaign City Township had an average of 27 days on market in Nov 2024, down by 17.5% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 56 homes were sold in Champaign City Township; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Champaign City Township, IL

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