Is Grafton Township, 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, 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
$375,129
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Grafton Township was $375,129 in March 2024, up 4.2% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170.5K | $278.8K | +63.5% |
2 Bedrooms | $295.7K | $309.5K | +4.6% |
3 Bedrooms | $325.6K | $345K | +5.9% |
4 Bedrooms | $430K | $455K | +5.8% |
5+ Bedrooms | $485.6K | $537.5K | +10.7% |
Summary: Grafton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.5%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
Crystal Lake | $285K | $345.5K | +21.3% |
Lakewood | $468.5K | $530K | +13.1% |
Grafton Township | $360K | $375.1K | +4.2% |
Lake in the Hills | $306.1K | $313.3K | +2.4% |
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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
157 | 187 | +19.1% |
Summary: The Grafton Township real estate market had 187 homes for sale in March 2024, a 19.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 32 | 47 | +46.9% |
3 Bedrooms | 50 | 56 | +12.0% |
4 Bedrooms | 62 | 69 | +11.3% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Grafton 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 increased by 46.9%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 39 | -2.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Grafton Township in March 2024, down by 2.5% month-over-month. Of the 39 sold homes, 56% were sold under asking, 15% were sold at asking, and 28% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 28 Days | -14.9% |
Summary: Homes in Grafton Township had an average of 28 days on market in Mar 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in Grafton Township; 69% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.