Is Grennan Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grennan Heights is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Grennan Heights was a Seller's Market.

Key Takeaway

Grennan Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Grennan Heights, IL

How much do homes in Grennan Heights, IL cost?

Median Sold Price

$405,000

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,000(+2.5%)

Key Takeaway

Homes in Grennan Heights have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Grennan Heights was $405,000 in April 2024, up 2.5% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $300K$355K
+18.3%
3 $395K$407.5K
+3.2%
4 $370K$447.5K
+20.9%
5+ $595K$555K
-6.7%

Summary: Grennan Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 6.7%.

Housing Supply in Grennan Heights, IL

How many homes are available in Grennan Heights, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
990.0%

Summary: The Grennan Heights real estate market had 9 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 43
-25.0%
4 43
-25.0%
5+ 02
+100.0%

Summary: The Grennan Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were 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 Grennan Heights, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Grennan Heights in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Grennan Heights, IL

How long does it take to sell a home in Grennan Heights, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
8 Days4 Days-50.0%

Summary: Homes in Grennan Heights had an average of 4 days on market in Apr 2024, down by 50% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in Grennan Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in Grennan Heights, IL

Nearby Markets to Grennan Heights, IL