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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montebello Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Montebello Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Montebello Township, IL

How much do homes in Montebello Township, IL cost?

Median Sold Price

$229,900

$100/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$198,700(+636.9%)

Key Takeaway

Homes in Montebello Township have sold for 636.9% more than they did a month ago.

Summary: The median home sold price in Montebello Township was $229,900 in November 2024, up 636.9% from last month, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$229.9K
N/A
4 $31.2K-
N/A
5+ --
N/A

Summary: Montebello Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Montebello Township
+636.9%
Hamilton
+636.9%

Housing Supply in Montebello Township, IL

How many homes are available in Montebello Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
43-25.0%

Summary: The Montebello Township real estate market had 3 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 11
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Montebello 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montebello Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Montebello Township in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Montebello Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
71 Days4 Days-94.4%

Summary: Homes in Montebello Township had an average of 4 days on market in Nov 2024, down by 94.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Montebello Township; 100% of homes were sold within 30 days, 0% 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 18 Days Ago

Newest Listings in Montebello Township, IL

Nearby Markets to Montebello Township, IL