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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Groveland is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Groveland, IL

How much do homes in Groveland, IL cost?

Median Sold Price

$1,435,000

$482/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$195,000(+15.7%)

Key Takeaway

Homes in Groveland have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Groveland was $1,435,000 in April 2024, up 15.7% from last year, and the median price per square foot was $482.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $901.3K$790K
-12.3%
4 $1.2M$1.4M
+14.3%
5+ $2.2M$2.1M
-4.5%

Summary: Groveland 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 did not change, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 4.5%.

Housing Supply in Groveland, IL

How many homes are available in Groveland, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
550.0%

Summary: The Groveland real estate market had 5 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 00
0.0%
3 01
+100.0%
4 54
-20.0%
5+ 00
0.0%

Summary: The Groveland 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 increased by 100%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Groveland, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Groveland in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Groveland, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
16 Days29 Days+81.3%

Summary: Homes in Groveland had an average of 29 days on market in Apr 2024, up by 81.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During April 2024, 2 homes were sold in Groveland; 50% of homes were sold within 30 days, 50% 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 2 Days Ago

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