Is Greenwood 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, Greenwood Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $162.5K | +116.7% |
2 Bedrooms | $209.9K | $215K | +2.4% |
3 Bedrooms | $255K | $295K | +15.7% |
4 Bedrooms | $356.5K | $354.4K | -0.6% |
5+ Bedrooms | $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 | $261K | $300K | +14.9% |
Greenwood Township | $263.3K | $299.9K | +13.9% |
Wonder Lake | $252.8K | $279.2K | +10.4% |
Housing Supply in Greenwood Township, IL
How many homes are available in Greenwood Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 41 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 4 | 3 | -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 2024 | May 2024 | CHANGE |
---|---|---|
10 | 14 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 21 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
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.