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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manito is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Manito, IL

How much do homes in Manito, IL cost?

Median Sold Price

$140,000

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$7,700(-5.2%)

Key Takeaway

Homes in Manito have sold for 5.2% less than they did a year ago.

Summary: The median home sold price in Manito was $140,000 in December 2024, down 5.2% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $62.5K-
N/A
2 $98K$125K
+27.6%
3 $148.5K$139.2K
-6.2%
4 $174.9K$174.9K
0.0%
5+ -$250K
N/A

Summary: Manito housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.6%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Manito
-3.1%
Manito Township
-3.6%
Manito
-5.2%
Spring Lake Township
-7.7%

Housing Supply in Manito, IL

How many homes are available in Manito, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1413-7.1%

Summary: The Manito real estate market had 13 homes for sale in December 2024, a 7.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 95
-44.4%
4 01
+100.0%
5+ 00
0.0%

Summary: The Manito housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manito, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Manito in December 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Manito, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
15 Days10 Days-33.3%

Summary: Homes in Manito had an average of 10 days on market in Dec 2024, down by 33.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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 Manito are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in Manito; 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 6 Days Ago

Newest Listings in Manito, IL

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