Is Green Garden Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Green Garden Township is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Green Garden Township was a Seller's Market.

Key Takeaway

Green Garden Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Green Garden Township, IL

How much do homes in Green Garden Township, IL cost?

Median Sold Price

$574,808

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$31,308(+5.8%)

Key Takeaway

Homes in Green Garden Township have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Green Garden Township was $574,808 in March 2024, up 5.8% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $547K$570K
+4.2%
4 $530K$610K
+15.1%
5+ $851.5K$574.8K
-32.5%

Summary: Green Garden Township 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 did not change, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 32.5%.

Median Sold Price Compared To Nearby Cities

Peotone Township
+13.5%
Green Garden Township
+5.8%
Frankfort Township
+2.6%
Monee Township
-9.6%
Frankfort
-14.8%

Housing Supply in Green Garden Township, IL

How many homes are available in Green Garden Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1012+20.0%

Summary: The Green Garden Township real estate market had 12 homes for sale in March 2024, a 20.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 46
+50.0%
4 44
0.0%
5+ 22
0.0%

Summary: The Green Garden Township 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Green Garden 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 Green Garden Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Green Garden Township, IL

How long does it take to sell a home in Green Garden Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
20 Days79 Days+285.4%

Summary: Homes in Green Garden Township had an average of 79 days on market in Mar 2024, up by 285.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Green Garden Township has remained consistent over time.

Summary: During March 2024, 2 homes were sold in Green Garden Township; 0% of homes were sold within 30 days, 50% 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 24 Days Ago

Newest Listings in Green Garden Township, IL

Nearby Markets to Green Garden Township, IL

What housing markets are near Green Garden Township, IL?