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 October 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

$223,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,933(+15.5%)

Key Takeaway

Homes in Champaign City Township have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in Champaign City Township was $223,000 in October 2024, up 15.5% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $107.7K$118.4K
+9.9%
2 $147.5K$164.9K
+11.8%
3 $189.5K$220K
+16.1%
4 $313K$330K
+5.4%
5+ $329K$401.4K
+22.0%

Summary: Champaign City Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 22%.

Median Sold Price Compared To Nearby Cities

Hensley Township
+69.2%
Champaign
+17.3%
Champaign City Township
+15.5%
Champaign Township
+7.8%
Savoy
-3.0%

Housing Supply in Champaign City Township, IL

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
235228-3.0%

Summary: The Champaign City Township real estate market had 228 homes for sale in October 2024, a 3.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 54
-20.0%
2 4141
0.0%
3 100103
+3.0%
4 7064
-8.6%
5+ 1916
-15.8%

Summary: The Champaign City Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 15.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6371+12.7%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

21 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. 43.7% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Champaign City Township in October 2024, up by 12.7% month-over-month. Of the 71 sold homes, 44% were sold under asking, 30% were sold at asking, and 27% 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

Oct 2023Oct 2024CHANGE
16 Days25 Days+51.7%

Summary: Homes in Champaign City Township had an average of 25 days on market in Oct 2024, up by 51.7% compared to last year.

Breakdown of Home Sale Times

53 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

6 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 October 2024, 71 homes were sold in Champaign City Township; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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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