Is Chana, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chana is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Chana has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Chana, IL

How much do homes in Chana, IL cost?

Median Sold Price

$589,000

$256/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$342,500(+138.9%)

Key Takeaway

Homes in Chana have sold for 138.9% more than they did a month ago.

Summary: The median home sold price in Chana was $589,000 in October 2024, up 138.9% from last month, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $173K$589K
+240.5%
3 $320K-
N/A
4 --
N/A
5+ --
N/A

Summary: Chana housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 240.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Chana
+138.9%
Pine Rock Township
+138.9%

Housing Supply in Chana, IL

How many homes are available in Chana, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
42-50.0%

Summary: The Chana real estate market had 2 homes for sale in October 2024, a 50.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Chana housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

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 Chana, 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 Chana in October 2024, down by 50.0% 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 Chana, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
15 Days9 Days-40.0%

Summary: Homes in Chana had an average of 9 days on market in Oct 2024, down by 40% compared to last month.

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

Summary: During October 2024, 1 homes were sold in Chana; 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 4 Days Ago

Newest Listings in Chana, IL

Nearby Markets to Chana, IL

What housing markets are near Chana, IL?