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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chenoa Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Chenoa Township, IL

How much do homes in Chenoa Township, IL cost?

Median Sold Price

$138,000

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,000(+2.2%)

Key Takeaway

Homes in Chenoa Township have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Chenoa Township was $138,000 in October 2024, up 2.2% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $107K$113.5K
+6.1%
3 $151.5K$130K
-14.2%
4 $137.4K$166.9K
+21.5%
5+ $209.5K$209.5K
0.0%

Summary: Chenoa 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 increased by 6.1%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Chenoa Township
+2.2%
Chenoa
+2.2%

Housing Supply in Chenoa Township, IL

How many homes are available in Chenoa Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
610+66.7%

Summary: The Chenoa Township real estate market had 10 homes for sale in October 2024, a 66.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 23
+50.0%
4 34
+33.3%
5+ 01
+100.0%

Summary: The Chenoa Township 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 increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chenoa Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Chenoa Township in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Chenoa Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days36 Days+86.2%

Summary: Homes in Chenoa Township had an average of 36 days on market in Oct 2024, up by 86.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Chenoa Township; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

Newest Listings in Chenoa Township, IL

Nearby Markets to Chenoa Township, IL