Is Champaign City 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, Champaign City Township has remained a Seller's Market.
Housing Prices in Champaign City Township, IL
How much do homes in Champaign City Township, IL cost?
Median Sold Price
$205,277
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Champaign City Township was $205,277 in May 2024, up 12.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.2K | $110.5K | +41.2% |
2 Bedrooms | $140K | $155K | +10.7% |
3 Bedrooms | $179.9K | $200K | +11.1% |
4 Bedrooms | $282.5K | $323K | +14.3% |
5+ Bedrooms | $329.5K | $370K | +12.3% |
Summary: Champaign City Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.2%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
Champaign | $184.9K | $215.1K | +16.3% |
Champaign City Township | $182.5K | $205.2K | +12.5% |
Savoy | $350K | $375K | +7.1% |
Champaign Township | $229.5K | $222K | -3.3% |
Housing Supply in Champaign City Township, IL
How many homes are available in Champaign City Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
230 | 252 | +9.6% |
Summary: The Champaign City Township real estate market had 252 homes for sale in May 2024, a 9.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 34 | 34 | 0.0% |
3 Bedrooms | 118 | 119 | +0.8% |
4 Bedrooms | 58 | 75 | +29.3% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Champaign City Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 76 | +16.9% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Champaign City Township in May 2024, up by 16.9% month-over-month. Of the 76 sold homes, 28% were sold under asking, 24% were sold at asking, and 49% were sold over asking.
Days on Market for Champaign City Township, IL
How long does it take to sell a home in Champaign City Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 30 Days | +22.5% |
Summary: Homes in Champaign City Township had an average of 30 days on market in May 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 76 homes were sold in Champaign City Township; 76% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.