Is Fox River Grove, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fox River Grove has remained a Seller's Market.
Housing Prices in Fox River Grove, IL
How much do homes in Fox River Grove, IL cost?
Median Sold Price
$305,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fox River Grove was $305,000 in March 2024, down 3.2% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | - | N/A |
2 Bedrooms | $217.4K | $247.7K | +13.9% |
3 Bedrooms | $325K | $296K | -8.9% |
4 Bedrooms | $392.5K | $426.5K | +8.7% |
5+ Bedrooms | $525K | $446.5K | -15.0% |
Summary: Fox River Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 15%.
Median Sold Price Compared To Nearby Cities
Algonquin Township | $300.1K | $323.9K | +7.9% |
Lake Barrington | $409.2K | $420K | +2.6% |
Cuba Township | $491.2K | $481.2K | -2.0% |
Fox River Grove | $315K | $305K | -3.2% |
Barrington Hills | $986.2K | $860K | -12.8% |
Housing Supply in Fox River Grove, IL
How many homes are available in Fox River Grove, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 20 | +33.3% |
Summary: The Fox River Grove real estate market had 20 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fox River Grove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Fox River Grove in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Fox River Grove, IL
How long does it take to sell a home in Fox River Grove, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 14 Days | -16.3% |
Summary: Homes in Fox River Grove had an average of 14 days on market in Mar 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Fox River Grove; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.