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 Last Month

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

Key Takeaway

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

Housing Prices in Dry Grove Township, IL

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

Median Sold Price

$435,000

$148/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$155,000(+55.4%)

Key Takeaway

Homes in Dry Grove Township have sold for 55.4% more than they did a month ago.

Summary: The median home sold price in Dry Grove Township was $435,000 in March 2024, up 55.4% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $130K$579.5K
+345.8%
4 $430K$435K
+1.2%
5+ --
N/A

Summary: Dry Grove Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 345.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Dry Grove Township
+55.4%
Dale Township
-11.6%

Housing Supply in Dry Grove Township, IL

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
54-20.0%

Summary: The Dry Grove Township real estate market had 4 homes for sale in March 2024, a 20.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Dry Grove Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were 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. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Dry Grove Township in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Dry Grove Township, IL

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

Average Sale Time

Feb 2024Mar 2024CHANGE
25 Days7 Days-72.5%

Summary: Homes in Dry Grove Township had an average of 7 days on market in Mar 2024, down by 72.5% compared to last month.

Breakdown of Home Sale Times

3 Homes Were 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.

Summary: During March 2024, 3 homes were sold in Dry Grove Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 11 Days Ago

Newest Listings in Dry Grove Township, IL

Nearby Markets to Dry Grove Township, IL

What housing markets are near Dry Grove Township, IL?