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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manteno is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Manteno, IL

How much do homes in Manteno, IL cost?

Median Sold Price

$300,500

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,500(+9.3%)

Key Takeaway

Homes in Manteno have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Manteno was $300,500 in October 2024, up 9.3% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $201K$210K
+4.5%
3 $277.4K$299.5K
+7.9%
4 $335K$382.4K
+14.2%
5+ $404K$419.5K
+3.8%

Summary: Manteno 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 4.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Cities

Manteno Township
+11.1%
Manteno
+9.3%

Housing Supply in Manteno, IL

How many homes are available in Manteno, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4041+2.5%

Summary: The Manteno real estate market had 41 homes for sale in October 2024, a 2.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2928
-3.4%
4 47
+75.0%
5+ 43
-25.0%

Summary: The Manteno 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 remained the same, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
814+75.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manteno, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Manteno in October 2024, up by 75.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.

Days on Market for Manteno, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days39 Days+56.7%

Summary: Homes in Manteno had an average of 39 days on market in Oct 2024, up by 56.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 14 homes were sold in Manteno; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% 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 16 Days Ago

Newest Listings in Manteno, IL

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