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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dry Grove Township is a seller's market

Buyer's
Market

Difference Since August 2021

At the same time last year, Dry Grove Township was a Neutral Market.

Key Takeaway

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

How much do homes in Dry Grove Township, IL cost?

Median Sold Price

$287,450

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$39,950(+16.1%)

Key Takeaway

Homes in Dry Grove Township have sold for 16.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $175K$259.9K
+48.5%
3 $260K$224.5K
-13.7%
4 $245K$443K
+80.8%
5+ -$525.5K
N/A

Median Sold Price Compared To Nearby Cities

Dale Township
+19.8%
Normal Township
+19.0%
Normal
+18.9%
Dry Grove Township
+16.1%

How many homes are available in Dry Grove Township, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
45+25.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 00
0.0%
5+ 01
+100.0%

Number of Homes Sold

Jul 2022Aug 2022%
110.0%

Asking Price vs. Sold Price

0 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 Dry Grove Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
5 Days7 Days+40.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Dry Grove Township, IL

Number of homes for sale in Dry Grove Township, IL real estate market have reached 5. The number of listings in Dry Grove Township, IL increased by 25% between July 2022 and August 2022. Listings spent 7 days on the market in August 2022, and had a median list price of $287,450 during the same period. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 48.5%, 3 bedrooms properties prices decreased by 13.7%, the cost of 4 bedrooms properties went up by 80.8%, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes remained the same, 5 bedrooms homes became 100% more available. In August 2022, from all listings sold in Dry Grove Township, IL there were more than 1 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.

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