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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Groveland Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Groveland Township, IL

How much do homes in Groveland Township, IL cost?

Median Sold Price

$160,000

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,000(+14.3%)

Key Takeaway

Homes in Groveland Township have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in Groveland Township was $160,000 in March 2024, up 14.3% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $35K$38K
+8.6%
2 $77K$91.5K
+18.8%
3 $140K$160K
+14.3%
4 $205K$233.5K
+13.9%
5+ $255K$370K
+45.1%

Summary: Groveland Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 45.1%.

Median Sold Price Compared To Nearby Cities

Creve Coeur
+25.1%
Groveland Township
+14.3%
East Peoria
+13.3%
Marquette Heights
+12.5%

Housing Supply in Groveland Township, IL

How many homes are available in Groveland Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4956+14.3%

Summary: The Groveland Township real estate market had 56 homes for sale in March 2024, a 14.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 21
-50.0%
2 814
+75.0%
3 2428
+16.7%
4 99
0.0%
5+ 64
-33.3%

Summary: The Groveland Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1017+70.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Groveland Township, expect to pay close to the asking price. 35.3% of homes here sold near the asking price last month.

Summary: A total of 17 homes were sold or pending in Groveland Township in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 35% were sold at asking, and 35% were sold over asking.

Days on Market for Groveland Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
22 Days33 Days+48.8%

Summary: Homes in Groveland Township had an average of 33 days on market in Mar 2024, up by 48.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 17 homes were sold in Groveland Township; 76% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 18% 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 30 Days Ago

Newest Listings in Groveland Township, IL

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What housing markets are near Groveland Township, IL?