Is Grafton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Grafton Township has remained a Seller's Market.
Housing Prices in Grafton Township, IL
How much do homes in Grafton Township, IL cost?
Median Sold Price
$374,866
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Grafton Township was $374,866 in February 2024, up 4.1% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170.5K | $278.8K | +63.5% |
2 Bedrooms | $290K | $305.5K | +5.3% |
3 Bedrooms | $325.7K | $344.9K | +5.9% |
4 Bedrooms | $429.8K | $455K | +5.9% |
5+ Bedrooms | $492K | $537.5K | +9.2% |
Summary: Grafton Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.5%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
Crystal Lake | $280.3K | $340K | +21.3% |
Lakewood | $468.5K | $532.5K | +13.7% |
Lake in the Hills | $300K | $320.5K | +6.8% |
Grafton Township | $360K | $374.8K | +4.1% |
Huntley | $345K | $350K | +1.4% |
Housing Supply in Grafton Township, IL
How many homes are available in Grafton Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
111 | 154 | +38.7% |
Summary: The Grafton Township real estate market had 154 homes for sale in February 2024, a 38.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 33 | +65.0% |
3 Bedrooms | 36 | 51 | +41.7% |
4 Bedrooms | 50 | 58 | +16.0% |
5+ Bedrooms | 5 | 12 | +140.0% |
Summary: The Grafton Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 65%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 140%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 37 | +32.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Grafton Township in February 2024, up by 32.1% month-over-month. Of the 37 sold homes, 38% were sold under asking, 16% were sold at asking, and 46% were sold over asking.
Days on Market for Grafton Township, IL
How long does it take to sell a home in Grafton Township, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 39 Days | +7.8% |
Summary: Homes in Grafton Township had an average of 39 days on market in Feb 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 37 homes were sold in Grafton Township; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.