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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Detour Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Grand Detour Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Grand Detour Township, IL

How much do homes in Grand Detour Township, IL cost?

Median Sold Price

$177,000

$111/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$134,999(-43.3%)

Key Takeaway

Homes in Grand Detour Township have sold for 43.3% less than they did a month ago.

Summary: The median home sold price in Grand Detour Township was $177,000 in February 2024, down 43.3% from last month, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $312K$104K
-66.7%
3 -$250K
N/A
4 --
N/A
5+ --
N/A

Summary: Grand Detour Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 66.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Taylor Township
-37.2%
Grand Detour Township
-43.3%

Housing Supply in Grand Detour Township, IL

How many homes are available in Grand Detour Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
67+16.7%

Summary: The Grand Detour Township real estate market had 7 homes for sale in February 2024, a 16.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 21
-50.0%
3 45
+25.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Grand Detour Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Detour Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Grand Detour Township in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Grand Detour Township, IL

How long does it take to sell a home in Grand Detour Township, IL?

Average Sale Time

Jan 2024Feb 2024CHANGE
264 Days54 Days-79.4%

Summary: Homes in Grand Detour Township had an average of 54 days on market in Feb 2024, down by 79.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Grand Detour Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 27 Days Ago

Newest Listings in Grand Detour Township, IL

Nearby Markets to Grand Detour Township, IL

What housing markets are near Grand Detour Township, IL?