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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Greenwood Township, IL

How much do homes in Greenwood Township, IL cost?

Median Sold Price

$299,900

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$36,525(+13.9%)

Key Takeaway

Homes in Greenwood Township have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Greenwood Township was $299,900 in May 2024, up 13.9% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $75K$162.5K
+116.7%
2 $209.9K$215K
+2.4%
3 $255K$295K
+15.7%
4 $356.5K$354.4K
-0.6%
5+ $370.5K$485K
+30.9%

Summary: Greenwood Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 30.9%.

Median Sold Price Compared To Nearby Cities

Woodstock
+14.9%
Greenwood Township
+13.9%
Wonder Lake
+10.4%

Housing Supply in Greenwood Township, IL

How many homes are available in Greenwood Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3541+17.1%

Summary: The Greenwood Township real estate market had 41 homes for sale in May 2024, a 17.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 48
+100.0%
3 2123
+9.5%
4 57
+40.0%
5+ 43
-25.0%

Summary: The Greenwood Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Greenwood Township in May 2024, up by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% were sold over asking.

Days on Market for Greenwood Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
20 Days21 Days+4.3%

Summary: Homes in Greenwood Township had an average of 21 days on market in May 2024, up by 4.3% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 14 homes were sold in Greenwood Township; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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 4 Days Ago

Newest Listings in Greenwood Township, IL

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