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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Greenwood Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Greenwood Township, IL

How much do homes in Greenwood Township, IL cost?

Median Sold Price

$286,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,500(-1.5%)

Key Takeaway

Homes in Greenwood Township have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Greenwood Township was $286,000 in November 2024, down 1.5% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $160K$168.7K
+5.5%
2 $214.9K$204.2K
-5.0%
3 $292.9K$287.5K
-1.8%
4 $349.9K$354.4K
+1.3%
5+ $384.9K$440K
+14.3%

Summary: Greenwood Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 14.3%.

Median Sold Price Compared To Nearby Cities

Woodstock
+15.2%
Wonder Lake
+10.9%
Greenwood Township
-1.5%

Housing Supply in Greenwood Township, IL

How many homes are available in Greenwood Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5149-3.9%

Summary: The Greenwood Township real estate market had 49 homes for sale in November 2024, a 3.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1513
-13.3%
3 1919
0.0%
4 1314
+7.7%
5+ 43
-25.0%

Summary: The Greenwood Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1513-13.3%

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 Greenwood Township, 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 Greenwood Township in November 2024, down by 13.3% 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 Greenwood Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days47 Days+29.4%

Summary: Homes in Greenwood Township had an average of 47 days on market in Nov 2024, up by 29.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in Greenwood Township; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% 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 6 Days Ago

Newest Listings in Greenwood Township, IL

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