Is Grand Crossing, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Grand Crossing was a Seller's Market.
Housing Prices in Grand Crossing, IL
How much do homes in Grand Crossing, IL cost?
Median Sold Price
$184,950
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Grand Crossing was $184,950 in March 2024, down 7.4% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $71K | N/A |
2 Bedrooms | $100K | $95K | -5.0% |
3 Bedrooms | $192.5K | $125K | -35.1% |
4 Bedrooms | $230K | $165K | -28.3% |
5+ Bedrooms | $228.2K | $245K | +7.3% |
Summary: Grand Crossing 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 decreased by 5%, 3 bedroom homes decreased by 35.1%, 4 bedroom homes decreased by 28.3%, and 5+ bedroom homes increased by 7.3%.
Housing Supply in Grand Crossing, IL
How many homes are available in Grand Crossing, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
121 | 139 | +14.9% |
Summary: The Grand Crossing real estate market had 139 homes for sale in March 2024, a 14.9% 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 | 9 | 8 | -11.1% |
3 Bedrooms | 27 | 33 | +22.2% |
4 Bedrooms | 29 | 34 | +17.2% |
5+ Bedrooms | 56 | 64 | +14.3% |
Summary: The Grand Crossing 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 decreased by 11.1%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 13 | -23.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Grand Crossing in March 2024, down by 23.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for Grand Crossing, IL
How long does it take to sell a home in Grand Crossing, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 68 Days | +14.1% |
Summary: Homes in Grand Crossing had an average of 68 days on market in Mar 2024, up by 14.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Grand Crossing; 54% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.