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 October 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

$143,500

$81/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,500(+1.1%)

Key Takeaway

Homes in Manito have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Manito was $143,500 in October 2024, up 1.1% from last year, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80K-
N/A
2 $89.9K$133.5K
+48.5%
3 $149.2K$141.7K
-5.0%
4 $174.9K$174.9K
0.0%
5+ -$250K
N/A

Summary: Manito 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 48.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Manito Township
+1.4%
Manito
+1.1%
Manito
-1.2%

Housing Supply in Manito, IL

How many homes are available in Manito, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1716-5.9%

Summary: The Manito real estate market had 16 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 64
-33.3%
3 910
+11.1%
4 00
0.0%
5+ 00
0.0%

Summary: The Manito 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Manito in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
24 Days85 Days+254.8%

Summary: Homes in Manito had an average of 85 days on market in Oct 2024, up by 254.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Manito are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in Manito; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 Manito, IL

Nearby Markets to Manito, IL

What housing markets are near Manito, IL?