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 seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Monee Township, IL

How much do homes in Monee Township, IL cost?

Median Sold Price

$235,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,000(+12.4%)

Key Takeaway

Homes in Monee Township have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in Monee Township was $235,000 in November 2024, up 12.4% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $50K-
N/A
2 $174.9K$155.9K
-10.9%
3 $177K$190.5K
+7.6%
4 $280K$302.2K
+7.9%
5+ $275.5K$314.9K
+14.3%

Summary: Monee 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 decreased by 10.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 14.3%.

Median Sold Price Compared To Nearby Cities

Monee Township
+12.4%
University Park
+5.4%
Monee
+5.3%
Park Forest
+1.8%
Richton Park
-2.5%

Housing Supply in Monee Township, IL

How many homes are available in Monee Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
114109-4.4%

Summary: The Monee Township real estate market had 109 homes for sale in November 2024, a 4.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 6459
-7.8%
4 3438
+11.8%
5+ 96
-33.3%

Summary: The Monee 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 16.7%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2319-17.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monee Township, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Monee Township in November 2024, down by 17.4% month-over-month. Of the 19 sold homes, 53% were sold under asking, 16% were sold at asking, and 32% 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

Nov 2023Nov 2024CHANGE
27 Days45 Days+61.1%

Summary: Homes in Monee Township had an average of 45 days on market in Nov 2024, up by 61.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 November 2024, 19 homes were sold in Monee Township; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% 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 Monee Township, IL

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What housing markets are near Monee Township, IL?