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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Champaign Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Champaign Township, IL

How much do homes in Champaign Township, IL cost?

Median Sold Price

$238,900

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,733(+10.0%)

Key Takeaway

Homes in Champaign Township have sold for 10% more than they did a year ago.

Summary: The median home sold price in Champaign Township was $238,900 in November 2024, up 10% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $110.5K$124.2K
+12.4%
2 $151.4K$167.9K
+10.9%
3 $214.6K$230.4K
+7.4%
4 $329K$340.9K
+3.6%
5+ $329K$399.9K
+21.6%

Summary: Champaign Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 21.6%.

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 Township, IL

How many homes are available in Champaign Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
285233-18.2%

Summary: The Champaign Township real estate market had 233 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 42
-50.0%
2 4939
-20.4%
3 131110
-16.0%
4 8060
-25.0%
5+ 2122
+4.8%

Summary: The Champaign 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 20.4%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9864-34.7%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Champaign Township, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in Champaign Township in November 2024, down by 34.7% month-over-month. Of the 64 sold homes, 47% were sold under asking, 19% were sold at asking, and 34% were sold over asking.

Days on Market for Champaign Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days25 Days-20.8%

Summary: Homes in Champaign Township had an average of 25 days on market in Nov 2024, down by 20.8% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

15 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 64 homes were sold in Champaign Township; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% 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 29 Days Ago

Newest Listings in Champaign Township, IL

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