Is Grant 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, Grant Township has remained a Seller's Market.
Housing Prices in Grant Township, IL
How much do homes in Grant Township, IL cost?
Median Sold Price
$261,166
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Grant Township was $261,166 in March 2024, up 8.8% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $95K | -43.8% |
2 Bedrooms | $190K | $215K | +13.2% |
3 Bedrooms | $240K | $260.5K | +8.5% |
4 Bedrooms | $345K | $361.2K | +4.7% |
5+ Bedrooms | $372.5K | $564.5K | +51.5% |
Summary: Grant Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.8%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 51.5%.
Median Sold Price Compared To Nearby Cities
Lakemoor | $212K | $238K | +12.3% |
Grant Township | $239.9K | $261.1K | +8.8% |
Fox Lake | $210K | $225.2K | +7.3% |
Round Lake | $250K | $266K | +6.4% |
Volo | $285.2K | $259.9K | -8.9% |
Housing Supply in Grant Township, IL
How many homes are available in Grant Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 89 | +14.1% |
Summary: The Grant Township real estate market had 89 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 19 | 25 | +31.6% |
3 Bedrooms | 33 | 32 | -3.0% |
4 Bedrooms | 18 | 25 | +38.9% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Grant Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 31.6%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 24 | +14.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Grant Township in March 2024, up by 14.3% month-over-month. Of the 24 sold homes, 54% were sold under asking, 8% were sold at asking, and 38% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 44 Days | +90.4% |
Summary: Homes in Grant Township had an average of 44 days on market in Mar 2024, up by 90.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Grant Township; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.