Is Greenwood 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, Greenwood Township has remained a Seller's Market.
Housing Prices in Greenwood Township, IL
How much do homes in Greenwood Township, IL cost?
Median Sold Price
$296,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Greenwood Township was $296,000 in March 2024, up 16.1% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $160K | +113.3% |
2 Bedrooms | $205K | $215K | +4.9% |
3 Bedrooms | $252K | $291K | +15.5% |
4 Bedrooms | $341.2K | $354.2K | +3.8% |
5+ Bedrooms | $390K | $392.5K | +0.6% |
Summary: Greenwood Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 113.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
Greenwood Township | $255K | $296K | +16.1% |
Woodstock | $260K | $295.3K | +13.6% |
Wonder Lake | $248.2K | $271.8K | +9.5% |
Bull Valley | $563K | $577.5K | +2.6% |
Housing Supply in Greenwood Township, IL
How many homes are available in Greenwood Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 39 | -20.4% |
Summary: The Greenwood Township real estate market had 39 homes for sale in March 2024, a 20.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 21 | 15 | -28.6% |
4 Bedrooms | 17 | 13 | -23.5% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Greenwood 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 decreased by 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 14 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Greenwood Township in March 2024, down by 33.3% month-over-month. Of the 14 sold homes, 29% were sold under asking, 36% were sold at asking, and 36% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 28 Days | -38.2% |
Summary: Homes in Greenwood Township had an average of 28 days on market in Mar 2024, down by 38.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Greenwood Township; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.