Is Grant Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Grant Township has remained a Seller's Market.
Key Takeaway
Grant Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grant Township, IL
How much do homes in Grant Township, IL cost?
Median Sold Price
$259,700
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Grant Township have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Grant Township was $259,700 in November 2023, up 10.5% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $105K | -37.9% |
| 2 Bedrooms | $187.2K | $208.8K | +11.5% |
| 3 Bedrooms | $240K | $260K | +8.3% |
| 4 Bedrooms | $337K | $355K | +5.3% |
| 5+ Bedrooms | $365K | $452.5K | +24.0% |
Summary: Grant Township housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 37.9%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 24%.
Median Sold Price Compared To Nearby Cities
| Round Lake | $235K | $265.5K | +13.0% |
| Grant Township | $235K | $259.7K | +10.5% |
| Fox Lake | $206.1K | $223.5K | +8.4% |
| Lakemoor | $210K | $227.5K | +8.3% |
| Volo | $277.8K | $260.2K | -6.4% |
Housing Supply in Grant Township, IL
How many homes are available in Grant Township, IL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 91 | 93 | +2.2% |
Summary: The Grant Township real estate market had 93 homes for sale in November 2023, a 2.2% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 23 | 20 | -13.0% |
| 3 Bedrooms | 43 | 42 | -2.3% |
| 4 Bedrooms | 18 | 24 | +33.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Grant Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grant Township, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Grant Township in November 2023, up by 8.0% month-over-month. Of the 27 sold homes, 41% were sold under asking, 22% were sold at asking, and 37% were sold over asking.
Days on Market for Grant Township, IL
How long does it take to sell a home in Grant Township, IL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 24 Days | 15 Days | -34.8% |
Summary: Homes in Grant Township had an average of 15 days on market in Nov 2023, down by 34.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grant Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 27 homes were sold in Grant Township; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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