Is Chemung Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chemung Township has remained a Seller's Market.
Housing Prices in Chemung Township, IL
How much do homes in Chemung Township, IL cost?
Median Sold Price
$225,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chemung Township was $225,000 in May 2024, up 18.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | - | N/A |
2 Bedrooms | $110K | $163.5K | +48.6% |
3 Bedrooms | $195K | $225.4K | +15.6% |
4 Bedrooms | $196.5K | $231K | +17.6% |
5+ Bedrooms | $236.5K | $230K | -2.7% |
Summary: Chemung Township 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 48.6%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Harvard | $189.9K | $248K | +30.6% |
Chemung Township | $189.9K | $225K | +18.5% |
Housing Supply in Chemung Township, IL
How many homes are available in Chemung Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 31 | +63.2% |
Summary: The Chemung Township real estate market had 31 homes for sale in May 2024, a 63.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 11 | 16 | +45.5% |
4 Bedrooms | 4 | 9 | +125.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Chemung Township 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 increased by 50%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 8 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Chemung Township in May 2024, up by 300.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Chemung Township, IL
How long does it take to sell a home in Chemung Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 27 Days | -9.7% |
Summary: Homes in Chemung Township had an average of 27 days on market in May 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Chemung Township; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.