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 Last Month

Since last month, 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

$275,000

$112/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$30,000(+12.2%)

Key Takeaway

Homes in Gridley have sold for 12.2% more than they did a month ago.

Summary: The median home sold price in Gridley was $275,000 in March 2024, up 12.2% from last month, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $245K$275K
+12.2%
4 --
N/A
5+ --
N/A

Summary: Gridley housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Gridley
+12.2%
Gridley Township
+12.2%
Waldo Township
+12.2%

Housing Supply in Gridley, IL

How many homes are available in Gridley, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
21-50.0%

Summary: The Gridley real estate market had 1 homes for sale in March 2024, a 50.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Gridley 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Gridley in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Feb 2024Mar 2024CHANGE
4 Days72 Days+1700.0%

Summary: Homes in Gridley had an average of 72 days on market in Mar 2024, up by 1700% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Gridley has remained consistent over time.

Summary: During March 2024, 1 homes were sold in Gridley; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in Gridley, IL

Nearby Markets to Gridley, IL