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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Channahon Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Channahon Township, IL

How much do homes in Channahon Township, IL cost?

Median Sold Price

$365,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+1.4%)

Key Takeaway

Homes in Channahon Township have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Channahon Township was $365,000 in October 2024, up 1.4% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$117K
N/A
2 $282.5K$272.6K
-3.5%
3 $352.5K$355K
+0.7%
4 $407.1K$395K
-3.0%
5+ $400K$370.5K
-7.4%

Summary: Channahon Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 7.4%.

Median Sold Price Compared To Nearby Cities

Elwood
+11.3%
Minooka
+3.9%
Channahon Township
+1.4%
Channahon
+1.4%
Channahon
+1.4%

Housing Supply in Channahon Township, IL

How many homes are available in Channahon Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7892+17.9%

Summary: The Channahon Township real estate market had 92 homes for sale in October 2024, a 17.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 98
-11.1%
3 4251
+21.4%
4 2131
+47.6%
5+ 52
-60.0%

Summary: The Channahon Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 47.6%, and 5+ bedroom homes decreased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1921+10.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Channahon Township, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Channahon Township in October 2024, up by 10.5% month-over-month. Of the 21 sold homes, 38% were sold under asking, 33% were sold at asking, and 29% were sold over asking.

Days on Market for Channahon Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days16 Days-56.3%

Summary: Homes in Channahon Township had an average of 16 days on market in Oct 2024, down by 56.3% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 21 homes were sold in Channahon Township; 81% of homes were sold within 30 days, 19% 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 16 Days Ago

Newest Listings in Channahon Township, IL

Nearby Markets to Channahon Township, IL

What housing markets are near Channahon Township, IL?