Is Grafton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Grafton Township has remained a Seller's Market.
Housing Prices in Grafton Township, IL
How much do homes in Grafton Township, IL cost?
Median Sold Price
$373,425
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grafton Township was $373,425 in April 2024, up 3.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170.5K | $278.8K | +63.5% |
2 Bedrooms | $299.9K | $307.5K | +2.5% |
3 Bedrooms | $325K | $349.5K | +7.5% |
4 Bedrooms | $435K | $455K | +4.6% |
5+ Bedrooms | $500K | $530K | +6.0% |
Summary: Grafton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.5%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
Crystal Lake | $285.6K | $347.7K | +21.7% |
Lakewood | $490.5K | $527K | +7.4% |
Grafton Township | $361.8K | $373.4K | +3.2% |
Huntley | $345K | $350K | +1.4% |
Lake in the Hills | $308K | $310.5K | +0.8% |
Housing Supply in Grafton Township, IL
How many homes are available in Grafton Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
189 | 234 | +23.8% |
Summary: The Grafton Township real estate market had 234 homes for sale in April 2024, a 23.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 47 | 55 | +17.0% |
3 Bedrooms | 53 | 71 | +34.0% |
4 Bedrooms | 73 | 87 | +19.2% |
5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Grafton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 34%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 61 | +45.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Grafton Township in April 2024, up by 45.2% month-over-month. Of the 61 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% were sold over asking.
Days on Market for Grafton Township, IL
How long does it take to sell a home in Grafton Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 23 Days | -18.4% |
Summary: Homes in Grafton Township had an average of 23 days on market in Apr 2024, down by 18.4% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 61 homes were sold in Grafton Township; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.