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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manito Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Manito Township, IL

How much do homes in Manito Township, IL cost?

Median Sold Price

$138,554

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,946(-6.7%)

Key Takeaway

Homes in Manito Township have sold for 6.7% less than they did a year ago.

Summary: The median home sold price in Manito Township was $138,554 in November 2024, down 6.7% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $62.5K-
N/A
2 $106K$125K
+17.9%
3 $150K$138.5K
-7.6%
4 $164.9K$149.9K
-9.1%
5+ -$250K
N/A

Summary: Manito Township 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 increased by 17.9%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Manito
-6.2%
Manito Township
-6.7%

Housing Supply in Manito Township, IL

How many homes are available in Manito Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1614-12.5%

Summary: The Manito Township real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 53
-40.0%
3 1010
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Manito Township 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 decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manito Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Manito Township in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Manito Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days33 Days-5.1%

Summary: Homes in Manito Township had an average of 33 days on market in Nov 2024, down by 5.1% compared to last year.

Breakdown of Home Sale Times

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

Summary: During November 2024, 5 homes were sold in Manito Township; 60% of homes were sold within 30 days, 40% 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 2 Days Ago

Newest Listings in Manito Township, IL

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