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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Channahon is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Channahon, IL

How much do homes in Channahon, IL cost?

Median Sold Price

$365,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+1.4%)

Key Takeaway

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

Summary: The median home sold price in Channahon was $365,000 in November 2024, up 1.4% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $306K$279.5K
-8.7%
3 $350K$355K
+1.4%
4 $390K$400.5K
+2.7%
5+ $375K$376.1K
0.3%

Summary: Channahon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Cities

Elwood
+12.0%
Aux Sable Township
+4.3%
Channahon
+1.4%
Channahon Township
+1.4%
Channahon
+1.4%

Housing Supply in Channahon, IL

How many homes are available in Channahon, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7672-5.3%

Summary: The Channahon real estate market had 72 homes for sale in November 2024, a 5.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 4643
-6.5%
4 2320
-13.0%
5+ 11
0.0%

Summary: The Channahon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2013-35.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Channahon, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Channahon in November 2024, down by 35.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Channahon, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days12 Days-69.9%

Summary: Homes in Channahon had an average of 12 days on market in Nov 2024, down by 69.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

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

Summary: During November 2024, 13 homes were sold in Channahon; 85% of homes were sold within 30 days, 15% 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 17 Days Ago

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