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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenfield Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Greenfield Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Greenfield Township, IL

How much do homes in Greenfield Township, IL cost?

Median Sold Price

$107,000

$105/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$73,500(-40.7%)

Key Takeaway

Homes in Greenfield Township have sold for 40.7% less than they did a month ago.

Summary: The median home sold price in Greenfield Township was $107,000 in May 2024, down 40.7% from last month, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $60K$68.5K
+14.2%
3 $180.5K$185K
+2.5%
4 $213.4K-
N/A
5+ --
N/A

Summary: Greenfield Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Gardner
+60.0%
South Wilmington
-25.9%
Greenfield Township
-40.7%

Housing Supply in Greenfield Township, IL

How many homes are available in Greenfield Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1012+20.0%

Summary: The Greenfield Township real estate market had 12 homes for sale in May 2024, a 20.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 45
+25.0%
4 10
-100.0%
5+ 11
0.0%

Summary: The Greenfield 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 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenfield Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Greenfield Township in May 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Greenfield Township, IL

How long does it take to sell a home in Greenfield Township, IL?

Average Sale Time

Apr 2024May 2024CHANGE
15 Days37 Days+140.4%

Summary: Homes in Greenfield Township had an average of 37 days on market in May 2024, up by 140.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 3 homes were sold in Greenfield Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 1 Day Ago

Newest Listings in Greenfield Township, IL

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