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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grafton Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Grafton Township has remained a Seller's Market.

Key Takeaway

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

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

+$14,866(+4.1%)

Key Takeaway

Homes in Grafton Township have sold for 4.1% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $170.5K$278.8K
+63.5%
2 $290K$305.5K
+5.3%
3 $325.7K$344.9K
+5.9%
4 $429.8K$455K
+5.9%
5+ $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
+21.3%
Lakewood
+13.7%
Lake in the Hills
+6.8%
Grafton Township
+4.1%
Huntley
+1.4%

Housing Supply in Grafton Township, IL

How many homes are available in Grafton Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
111154+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2033
+65.0%
3 3651
+41.7%
4 5058
+16.0%
5+ 512
+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 2024Feb 2024CHANGE
2837+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grafton Township, you could pay more than the asking price. 45.9% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
36 Days39 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

Newest Listings in Grafton Township, IL

Nearby Markets to Grafton Township, IL

What housing markets are near Grafton Township, IL?