Is Mahomet 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, Mahomet Township has remained a Seller's Market.
Housing Prices in Mahomet Township, IL
How much do homes in Mahomet Township, IL cost?
Median Sold Price
$368,675
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mahomet Township was $368,675 in May 2024, up 11.7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $294.9K | $265K | -10.2% |
3 Bedrooms | $290.5K | $289.9K | -0.2% |
4 Bedrooms | $376.5K | $440K | +16.9% |
5+ Bedrooms | $527.5K | $350K | -33.6% |
Summary: Mahomet 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 decreased by 10.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 33.6%.
Median Sold Price Compared To Nearby Cities
Mahomet Township | $330K | $368.6K | +11.7% |
Mahomet | $331K | $367.4K | +11.0% |
Housing Supply in Mahomet Township, IL
How many homes are available in Mahomet Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 57 | -12.3% |
Summary: The Mahomet Township real estate market had 57 homes for sale in May 2024, a 12.3% decrease 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 | 4 | 5 | +25.0% |
3 Bedrooms | 20 | 15 | -25.0% |
4 Bedrooms | 37 | 33 | -10.8% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Mahomet 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 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 15 | -28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Mahomet Township in May 2024, down by 28.6% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Mahomet Township, IL
How long does it take to sell a home in Mahomet Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 93 Days | +193.5% |
Summary: Homes in Mahomet Township had an average of 93 days on market in May 2024, up by 193.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Mahomet Township; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.