Is Gridley, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gridley is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Gridley, IL

How much do homes in Gridley, IL cost?

Median Sold Price

$153,500

$80/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$18,500(+13.7%)

Key Takeaway

Homes in Gridley have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Gridley was $153,500 in June 2024, up 13.7% from last year, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $107.5K$138.5K
+28.8%
3 $141K$170K
+20.6%
4 $205K$127.4K
-37.8%
5+ $179.7K$225.3K
+25.4%

Summary: Gridley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 37.8%, and 5+ bedroom homes increased by 25.4%.

Median Sold Price Compared To Nearby Cities

Gridley
+13.7%
Gridley Township
+13.7%

Housing Supply in Gridley, IL

How many homes are available in Gridley, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1110-9.1%

Summary: The Gridley real estate market had 10 homes for sale in June 2024, a 9.1% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 66
0.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Gridley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gridley, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Gridley in June 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Gridley, IL

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

Average Sale Time

Jun 2023Jun 2024CHANGE
1 Days6 Days+322.2%

Summary: Homes in Gridley had an average of 6 days on market in Jun 2024, up by 322.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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 Gridley are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 3 homes were sold in Gridley; 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 26 Days Ago

Newest Listings in Gridley, IL

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