Is Grand Crossing, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Crossing is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Grand Crossing was a Seller's Market.

Key Takeaway

Grand Crossing is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$14,683(-7.4%)

Key Takeaway

Homes in Grand Crossing have sold for 7.4% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$71K
N/A
2 $100K$95K
-5.0%
3 $192.5K$125K
-35.1%
4 $230K$165K
-28.3%
5+ $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%.

Median Sold Price Compared To Nearby Neighborhoods

Englewood
+10.1%
Woodlawn
-6.4%
Grand Crossing
-7.4%
Chatham
-7.7%

Housing Supply in Grand Crossing, IL

How many homes are available in Grand Crossing, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
121139+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 2733
+22.2%
4 2934
+17.2%
5+ 5664
+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 2024Mar 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Crossing, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
60 Days68 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 30 Days Ago

Newest Listings in Grand Crossing, IL

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