Is Channahon, 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, Channahon has remained a Seller's Market.
Housing Prices in Channahon, IL
How much do homes in Channahon, IL cost?
Median Sold Price
$365,500
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Channahon was $365,500 in May 2024, up 9.1% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $244.9K | $327K | +33.5% |
3 Bedrooms | $315K | $355K | +12.7% |
4 Bedrooms | $375K | $418.4K | +11.6% |
5+ Bedrooms | $382.2K | $370K | -3.2% |
Summary: Channahon 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 33.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
Elwood | $250K | $315K | +26.0% |
Aux Sable Township | $302.7K | $340.2K | +12.4% |
Channahon | $335K | $365.5K | +9.1% |
Channahon | $337K | $365.5K | +8.5% |
Channahon Township | $346.7K | $365K | +5.3% |
Housing Supply in Channahon, IL
How many homes are available in Channahon, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 92 | +35.3% |
Summary: The Channahon real estate market had 92 homes for sale in May 2024, a 35.3% 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 | 7 | 13 | +85.7% |
3 Bedrooms | 44 | 50 | +13.6% |
4 Bedrooms | 15 | 25 | +66.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Channahon 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 85.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Channahon in May 2024, up by 25.0% month-over-month. Of the 20 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for Channahon, IL
How long does it take to sell a home in Channahon, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 16 Days | +54.8% |
Summary: Homes in Channahon had an average of 16 days on market in May 2024, up by 54.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Channahon; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.