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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chebanse is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Chebanse, IL

How much do homes in Chebanse, IL cost?

Median Sold Price

$236,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$79,550(+50.8%)

Key Takeaway

Homes in Chebanse have sold for 50.8% more than they did a year ago.

Summary: The median home sold price in Chebanse was $236,000 in May 2024, up 50.8% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $124.2K$154K
+23.9%
3 $180.9K$237K
+31.0%
4 $221K-
N/A
5+ $375K$650K
+73.3%

Summary: Chebanse housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 31%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 73.3%.

Median Sold Price Compared To Nearby Cities

Chebanse
+50.8%
Chebanse Township
+39.5%
Otto Township
-9.1%

Housing Supply in Chebanse, IL

How many homes are available in Chebanse, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
220.0%

Summary: The Chebanse real estate market had 2 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 11
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Chebanse housing inventory by bedroom type for May 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chebanse, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Chebanse in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Chebanse, IL

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

Average Sale Time

May 2023May 2024CHANGE
11 Days41 Days+256.5%

Summary: Homes in Chebanse had an average of 41 days on market in May 2024, up by 256.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Chebanse has remained consistent over time.

Summary: During May 2024, 1 homes were sold in Chebanse; 0% of homes were sold within 30 days, 100% 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 1 Day Ago

Newest Listings in Chebanse, IL

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