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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Champaign City Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$22,744(+12.5%)

Key Takeaway

Homes in Champaign City Township have sold for 12.5% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $78.2K$110.5K
+41.2%
2 $140K$155K
+10.7%
3 $179.9K$200K
+11.1%
4 $282.5K$323K
+14.3%
5+ $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
+16.3%
Champaign City Township
+12.5%
Savoy
+7.1%
Champaign Township
-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 2024May 2024CHANGE
230252+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

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 3434
0.0%
3 118119
+0.8%
4 5875
+29.3%
5+ 1720
+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 2024May 2024CHANGE
6576+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Champaign City Township, you could pay more than the asking price. 48.7% of homes here sold above asking price last month.

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 2023May 2024CHANGE
25 Days30 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Champaign City Township, IL

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