Is Fields of Long Grove, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fields of Long Grove is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Fields of Long Grove has remained a Seller's Market.

Key Takeaway

Fields of Long Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fields of Long Grove, IL

How much do homes in Fields of Long Grove, IL cost?

Median Sold Price

$678,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,000(+4.3%)

Key Takeaway

Homes in Fields of Long Grove have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Fields of Long Grove was $678,000 in April 2024, up 4.3% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $375K-
N/A
3 $650K$656K
+0.9%
4 -$815K
N/A
5+ $852K-
N/A

Summary: Fields of Long Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Fields of Long Grove, IL

How many homes are available in Fields of Long Grove, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
23+50.0%

Summary: The Fields of Long Grove real estate market had 3 homes for sale in April 2024, a 50.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 13
+200.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The Fields of Long Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

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

Summary: A total of 1 homes were sold or pending in Fields of Long Grove in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Fields of Long Grove, IL

How long does it take to sell a home in Fields of Long Grove, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
37 Days35 Days-5.4%

Summary: Homes in Fields of Long Grove had an average of 35 days on market in Apr 2024, down by 5.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fields of Long Grove has remained consistent over time.

Summary: During April 2024, 1 homes were sold in Fields of Long Grove; 0% of homes were sold within 30 days, 100% 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 4 Days Ago

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