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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monee Township is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Monee Township was a Seller's Market.

Key Takeaway

Monee Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Monee Township, IL

How much do homes in Monee Township, IL cost?

Median Sold Price

$233,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$24,500(+11.8%)

Key Takeaway

Homes in Monee Township have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Monee Township was $233,000 in September 2024, up 11.8% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $50K-
N/A
2 $174.9K$155.9K
-10.9%
3 $180K$185.9K
+3.3%
4 $277K$299.5K
+8.1%
5+ $286K$314.9K
+10.1%

Summary: Monee Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Cities

Monee Township
+11.8%
University Park
+8.8%
Monee
+3.4%
Park Forest
-1.7%
Richton Park
-5.1%

Housing Supply in Monee Township, IL

How many homes are available in Monee Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
106115+8.5%

Summary: The Monee Township real estate market had 115 homes for sale in September 2024, a 8.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 85
-37.5%
3 5763
+10.5%
4 2836
+28.6%
5+ 1210
-16.7%

Summary: The Monee Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2118-14.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monee Township, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Monee Township in September 2024, down by 14.3% month-over-month. Of the 18 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% were sold over asking.

Days on Market for Monee Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
41 Days37 Days-8.2%

Summary: Homes in Monee Township had an average of 37 days on market in Sep 2024, down by 8.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 18 homes were sold in Monee Township; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% 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 29 Days Ago

Newest Listings in Monee Township, IL

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